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Petronet LNG to invest INR 20,685 cr in petchem project, Auto News, ET Auto

At a media call post announcing the second quarter earnings, Petronet chief executive A K Singh said the project, which will be built over the next four years, will have unique synergies with the adjacent India s largest LNG import facility and will "improve topline and bottomline substantially." ....

Petronet Lng , Lng Import , Petronet Petrochemical Project ,

Petronet LNG defends petchem diversification plan after shares fall 8.5%

Petronet LNG defends its decision to diversify into petrochemicals despite an 8.5% share price drop. CEO A K Singh assures profitability for the Rs 21,000 crore project with a 19% internal rate of return. The plan includes a petrochemical plant, propane, and ethane handling facilities in Gujarat. The company reported a 10% YoY rise in Q2 profits but faced concerns about non-receipt of money from customers under use or pay charges. ....

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