Petronet LNG Secures ₹1200 Cr Regasification Deal
For those keeping an eye on India’s energy landscape, there’s some exciting news from Petronet LNG Limited (PLL)! 🚀 The company has just announced a major win, securing a significant regasification agreement that promises to boost its future revenue.
Petronet LNG has signed a 5.5-year Regasification Agreement with Performance Chemiserve Limited (PCL). If that name sounds familiar, it’s because PCL is a wholly-owned subsidiary of Deepak Mining Solutions Limited (DMSL), which in turn is a wholly-owned subsidiary of the well-known Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL). So, essentially, PLL is partnering with a key player from the DFPCL group.
This agreement, signed on July 10, 2025, is set to commence between May and July 2026 and will run until December 31, 2031. Under the terms, PLL will handle the regasification of approximately 25.6 TBtus of Liquefied Natural Gas (LNG) annually at its flagship Dahej terminal, following an initial ramp-up period in 2026. The best part? This deal is expected to generate a substantial revenue of about ₹1200 crore for PLL, with an exciting upside potential to generate an additional 20% revenue over the contract duration! 💰 The regasified gas will primarily fuel DFPCL group’s manufacturing units at Taloja.
This move further solidifies PLL’s position as a vital energy and infrastructure company. Petronet LNG, a joint venture promoted by four Oil & Gas Maharatna PSUs (GAIL, ONGC, IOCL, and BPCL), plays a crucial role in India’s energy ecosystem, managing a significant portion of the nation’s LNG regasification capacity and imports. This new agreement with the DFPCL group, a diversified conglomerate with strong market leadership in various chemicals and crop nutrition, highlights the growing demand for natural gas in industrial applications.
At the time of this announcement, Petronet LNG’s shares were trading at ₹305.05, reflecting a slight dip of 0.2%.
This strategic partnership is a testament to PLL’s ongoing efforts to expand its long-term business horizons and continue its contribution to India’s energy security. It’s certainly a development worth watching! ✨
source: Corporate Announcement
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