Press release for quarter ending 30-Sept-15
19-Oct-2015

  • Capacity utilization of 120% at the Dahej Terminal – highest ever volume processed in a quarter.
  • Quarterly PAT of Rs 249 crore

During the quarter ended 30th September, 2015, the Company’s Dahej terminal has operated at around 120% of its name plate capacity. Despite a reduction in the offtake under the long term quantities over the corresponding quarter last year, the total volume regasified at the Dahej Terminal during the quarter ended 30th September, 2015 was 154 TBTUs – highest ever volume processed in any quarter. Kochi terminal, however, handled only 2.70 TBTUs of LNG and primarily served two consumers in the vicinity of the terminal – the BPCL refinery and FACT.
The profit before tax of Rs. 361 crore in quarter ended 30th September, 2015 is an increase of about 43% over the previous quarter (i.e Rs. 253 crore). The reason for this significant increase in profit before tax over the previous quarter is higher volumes processed at the Dahej Terminal and better efficiency. However, the profit before tax of Rs. 361 Crore in the second quarter is a 9% decrease over the corresponding quarter of the last year (i.e. Rs. 397 Crore). The primary reason for this decline in profit over corresponding quarter last year is lower recovery of costs on account of reduced offtake under the long term gas supply contracts with the offtakers.
The work for expansion of Dahej LNG terminal from 10 MMTPA to 15 MMTPA is going on as per schedule and it is expected that this capacity expansion will be completed by end of the year 2016.
The Company has initiated the process for selection of EPC contractors for further expansion of the Dahej terminal to 17.50 MMTPA.


                          Petronet LNG Stock Quotes                                       
©Petronet LNG Limited                                                            Home | Contact Us | Disclaimer | Quick Links | Mail Servers: Primary / Secondary |