https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Petronet LNG Registers A 20% Surge In Net Profits 

Following their phenomenal performance, the PSU's board of directors has approved a final dividend of Rs 3 per share
Indian Masterminds Stories

On May 22nd, India’s largest liquefied natural gas importer, Petronet LNG Limited registered a a 20% surge in its net profit in the March quarter, owing to higher LNG volumes. For the entire 2023-24 fiscal (April 2023 to March 2024), Petronet reported highest-ever net profit of Rs 3,536 crore on the back of a 22% growth in volume throughput.

The overall LNG volume processed by the company during the January-March period was the highest ever at 234 TBTU, as against the LNG volume processed in the previous and corresponding quarters, which stood at 232 TBTU and 185 TBTU, respectively. During the financial year ended March 31st, 2024, Dahej terminal processed 865 TBTU of LNG as against 704 TBTU processed during the previous financial year ended March 31st, 2023.

Mr. Akshay Kumar Singh, MD & CEO of Petronet, said, “The net profit reported in the March quarter was Rs 738 crore as compared with Rs 614 crore in the same period of the previous year. The company was able to achieve robust financial results riding on stable LNG prices and achieving efficiency and optimization in its operation.”

Following their phenomenal performance, the PSU’s board of directors has approved a final dividend of Rs 3 per share.  


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
NITI Aayog AI Skilling Roadmap
NITI Aayog Launches AI Skilling Roadmap to Create 4 Million Jobs and Secure India’s Workforce by 2031
NTPC_Bongaigaon_Football_Club_formed_under_CSR
NTPC Football Club Wins A Division Inter Club Football League 2025, Secures Promotion to Super Division
Saradha Chit Fund Case
Saradha Chit Fund Case : SC to Revisit IPS Rajeev Kumar’s Anticipatory Bail on Oct 17
Y-Puran-Kumar
Big Jolt in Haryana ADGP Puran Kumar Suicide Case: Probe Stalled Over Missing Laptop, Suicide Note Under Scrutiny
Kannan Gopinathan IAS
Meet Ex-IAS Officer Kannan Gopinathan, Who Joins Congress Ahead of Kerala Polls 2026, Says ‘Journey Back to Citizens’ Begins
Delhi Metro Rail
Delhi Metro to Source 500 MUs of Renewable Energy Annually, Invites Bids for Solar + Battery Storage Project
Vishnu Deo Sai Collectors Conference Chhattisgarh
CM Vishnu Deo Sai Sets Stern Tone at Collectors' Conference: "Negligence in Public Interest Will Not Be Tolerated"
Reservation for Women Lawyers
Supreme Court Questions Chamber Reservation for Women Lawyers Despite 25-Year Wait | Gender Equality Debate
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
UPSC Strategy & Mindset Tips from IDES Officer Saquib Alam | Video Interview 
Dr G K Goswami IPS
Everything you ever wanted to know about e-murder, e-dacoity and data safety
IFS Ravikant Meena UPSC IFS
Ravikant Meena on IFS Preparation, Optionals, and Life in Forest Service
ADVERTISEMENT
UPSC Stories
VikramDeo Saryam MPPSC
He Couldn't Pay Engineering Fees, Now He’s a Deputy Collector: Meet Vikram Deo, Farmer’s Son Who Cracked MPPSC with Sheer Willpower
Vikram, a farmer’s son from Ramgovindpur, overcame financial hardships and years of setbacks to secure...
Shivani Sirmache MPPSC
Do It From Home If You Can,’ Said Her Family - She Did It with Self-Study and Sheer Will: Meet Shivani Sirmache, MPPSC 2024 Topper
Shivani Sirmache, a village girl from Sirali, cracked MPPSC 2024 with Rank 11 through complete self-study,...
IAS Officer C
"She Believed She Could, So She Did" - The Inspiring Journey of IAS Officer C. Vanmathi
From herding buffaloes and facing early marriage pressure to becoming an IAS officer, C. Vanmathi’s journey...
Social Media
Ashwini Bhide IAS and Anand Mahindra
Who Is IAS Ashwini Bhide, Hailed as a Role Model for Mumbai Metro Transformation by Anand Mahindra?
From heritage to high-tech: Bhide’s leadership in Metro Line 3 earns public praise and admiration
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
NITI Aayog AI Skilling Roadmap
NITI Aayog Launches AI Skilling Roadmap to Create 4 Million Jobs and Secure India’s Workforce by 2031
NTPC_Bongaigaon_Football_Club_formed_under_CSR
NTPC Football Club Wins A Division Inter Club Football League 2025, Secures Promotion to Super Division
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
Dr G K Goswami IPS
IFS Ravikant Meena UPSC IFS
ADVERTISEMENT
ADVERTISEMENT