Petronet LNG net at Rs 66 cr in Q2

Petronet LNG Ltd has registered a growth of 65 per cent in the second quarter of the current year over the corresponding quarter of last year.

According to a statement, the company clocked a net profit of Rs 66 crore for the quarter. The turnover of the company stood at Rs 1,383 crore for the quarter under review.

The company has sourced three spot cargoes at internationally competitive prices during the quarter establishing its presence in the international LNG spot market, the statement said. Petronet achieved capacity utilisation of 6.5 MMT equivalent annualised, by achieving gas evacuation of 24 MMSCM per day.

Source: Business Line, New Delhi
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