Petronet LNG Limited: Dividend Distribution Ceremony
17-Jul-2013

Petronet LNG Ltd has clocked a substantial growth, both in turnover and profits in FY 2012-13. During the period 2012-13, company achieved its highest ever turnover of Rs. 31,467 Crores as against Rs. 22,696 Crores in 2011-12. Net profit during the year was also the highest ever at Rs. 1,149 Crores as against Rs. 1,058 Crores in the previous year. Company's constant endeavor to achieve higher capacity utilization, maximizing sales and better operational efficiencies has led to increased profitability.

Keeping in view the consistent performance and secured financial position of the Company, the Board of Petronet has recommended dividend of 25% (Rs. 2.5/- per share) to its shareholders.  At the current share price of Rs 132.25, this result in a dividend yield of 1.89%.

A dividend distribution ceremony was organized at New Delhi on 15th July 2013. CMDís & Directors from Promoters Company along with Senior Management of Petronet LNG Limited graced the occasion. Dividend cheques worth of Rs 23,43,75000/- was handed over to each Promoting Company i.e. ONGC, IOCL, GAIL and BPCL.


Shri Sudhir Vasudeva, CMD, ONGC receiving the dividend cheque from Dr. A K Balyan, MD & CEO, Petronet LNG


Shri AMK Sinha, Director (Planning & BD) receiving the dividend cheque from Dr. A K Balyan, MD & CEO, Petronet LNG


Shri L R  Gupta, ED (F&A), Gail (India) Ltd receiving the dividend cheque from Dr. A K Balyan, MD & CEO, Petronet LNG


Shri I S Rao, ED (Gas), BPCL receiving the dividend cheque from Dr. A K Balyan, MD & CEO, Petronet LNG


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