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
BVRC Purushottam IAS
IAS B.V.R.C Purushottam Applies for Voluntary Retirement
NHAI logo
NHAI to Develop 6-Lane Agra-Gwalior Greenfield Expressway on BOT (Toll) Mode 
Allahabad High Court
42 UP Judges Transferred in Allahabad High Court Order, Gyanvapi Judge Sanjeev Pandey Moved to Meerut, Jai Prakash Tiwari to Varanasi
GIC Re
Satheesh Kumar Appointed as Key Managerial Personnel of GIC Re 
Maharashtra govt-logo
Maharashtra Unveils Policy to Boost Shipbuilding, Repair and Recycling Sector
HUDCO
HUDCO Appoints Kantilal C. Patel & Sabitha Bojan As Independent Directors - Know More About Them
IPS logo resized
IPS Ravi Gupta & 6 Other Officers Move Telangana High Court Against Stay Order on Nagaram Land Transactions
Karnataka
Buzz in Karnataka Bureaucracy As the State Braces For A New DGP! IPS PK Thakur or M A Saleem, Who Will Make the Final Cut?
ADVERTISEMENT
ADVERTISEMENT
Videos
IMG-20250429-WA0019
How Mission IAS is Transforming Dreams of Underprivileged UPSC Aspirants
Aakash Garg
Computer Engineer Aakash Garg Takes AIR-5 in UPSC CSE 2024 Through Sheer Discipline And Hard Work | Exclusive
Sandeep M Tamgadge
How IPS Sandeep M Tamgadge’s Journey Can Guide Your UPSC Preparation
ADVERTISEMENT
UPSC Stories
WhatsApp Image 2025-04-29 at 13.32
Born Without Sight, But Never Without a Dream: Manu Garg, AIR-91, CSE 2024
He lost his sight, but not his vision. Manu Garg’s journey to securing AIR-91 in UPSC CSE 2024 lit a...
IMG-20250429-WA0019
How Mission IAS is Transforming Dreams of Underprivileged UPSC Aspirants
Mission IAS empowers underprivileged UPSC aspirants with free residential coaching, mentorship, and resources....
Madhav Agarwal UPSC
He Wanted to Be a CA, Became IPS, and Now IAS: Witness Madhav Agarwal’s Extraordinary UPSC Journey
Madhav Agarwal, from Gwalior, overcame setbacks and four UPSC attempts to secure 16th rank and achieve...
Social Media
IAS Pulkit Garg
Central Jail Road Transforms into a Vibrant People-Centric Street in Varanasi
This road has been given a soul, the soul of a musical path, adorned with pink enamel folk art and every...
Rajan Singh Ex-IPS
Ex-IPS Officer Rajan Singh Shares Powerful Insight on Influence through Action
Mr. Rajan Singh is an ex-IPS officer of the 1997-batch (Kerala cadre) and founder of HabitStrong Org...
Exam Student Aspirant
'Bramhastra' For Aspirants Appearing for UPSC Prelims Exam 2025, ICLS Officer Altap Shaikh Shares Final Month Strategy
Officer Shaikh's practical and focused suggestions come as a timely morale booster for thousands of candidates...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
BVRC Purushottam IAS
IAS B.V.R.C Purushottam Applies for Voluntary Retirement
NHAI logo
NHAI to Develop 6-Lane Agra-Gwalior Greenfield Expressway on BOT (Toll) Mode 
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IMG-20250429-WA0019
Aakash Garg
Sandeep M Tamgadge
ADVERTISEMENT
ADVERTISEMENT