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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 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. ....
The government today approved two proposals to buy 67.20 lakh tonnes of liquefied natural gas (LNG) worth Tk 1,243 crore from the international spot market to alleviate the energy shortage facing the economy. ....