Petronet LNG Announce Results period ending 31st December, 2016

Petronet LNG Announce Results period ending 31st December, 2016

petronet The Company has reported profit after tax of Rs 397 Crore in the current quarter which is an increase of 133% over the corresponding quarter (i.e. Rs 171 Crore). The significant increase in profit over the corresponding quarter ended 31st December 2015 is due to higher volumes processed and better efficiency achieved in the operations The Company registered the highest ever profit of Rs 1,235 Cr over the nine months period ending on 31st December, 2016, which stood at Rs 668 Cr in the corresponding period, witnessing a growth of 85%. In the past, the highest ever PAT for any complete Financial Year has been reported at Rs 1,149 Cr. EPC Contract for LNG Regasification facility under further expansion of Dahej LNG terminal from 15 MMTPA to 17.50 MMTPA was awarded by the company in July, 2016 and work is under progress as scheduled. Source/ More On: petronetlng oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook ]]>

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