Petronet LNG Ltd, the world’s largest natural gas import terminal, plans to invest an estimated INR 40,000 Crore towards expanding its import capacity and petrochemicals target to threefold the net profit by 2028. Some key projects announced by the company include:
- Setting up a propane dehydrogenation plant worth an estimated INR 12,685 Crore in Gopalpur, Odisha which will convert imported feedstock into propylene.
- Setting up an LNG import facility at Gopalpur in Odisha worth an estimated investment of INR 2300 Crore.
- Investment of INR 600 Crore towards increasing the capacity of Dahej LNG import terminal (the world’s largest import terminal) to 22.5 Mn Tonnes.
The company will also invest nearly INR 1245 Crore for setting up an additional storage tank and bays for truckloading LNG. - Setting up an import terminal at the Gopaupur port in Odisha having a generation capacity of 4 MTPA (Million Tonnes Per Annum), to cater to the increasing demand for gas in the eastern region.
Also Read: BMC Budget 2024-25: Key Highlights and Major Projects
Petronet currently has a turnover of INR 55,000-60,000 Crore and an annual net profit of approximately INR 3,200 Crore. The company’s biggest projects include the 17.5 MTPA flagship import terminal at Dahej in Gujarat and another 5 MTPA facility at Kochi, Kerala.
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