The petrochemical plant, which will come up adjacent to India s largest LNG import facility operated by the company, will consist of a 750,000 tonnes per annum propane dehydrogenation plant (PDH) and 500,000 tonnes a year of poly-propylene plant.
In the full year, state-owned Petronet LNG has reported a 3.3-percent fall in profit at Rs 3,240 crore and the revenue grew by 39 percent to Rs 59,899 crore compared to previous fiscal.
Petronet LNG rises post results; brokerages mixed on stock
The board of the company announced a final dividend of Rs 3.5 per share, in addition to an interim dividend of Rs 8 - totaling Rs 11.5 per share
BusinessToday.In | June 10, 2021 | Updated 17:05 IST
Representative Image
Share of Petronet LNG rose 2 per cent to hit an intraday high of Rs 233.40 on BSE a day after the company reported numbers for the quarter ended March 2021.
For the quarter ended March 2021, the company reported an 11.6 per cent year-on-year (YoY) decline in revenue from operations at Rs 7,575 crore and the standalone profit was up 73.6 per cent YoY at Rs 623.4 crore.