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Decline in Petronet LNG's consolidated quarterly net profit by 25% during Q1

Decline in Q1 FY26 Net Profit for Petronet LNG: Rs 824 crore, a 25% Drop. Revenue Decreases by 11%. Petronet Plans a Rs 6,354 crore Land-Based LNG Terminal at Gopalpur, Replacing Previous Floating Unit. Expansion Expected in 3 Years; Petronet Maintains top LNG Importer Position in India.

Reduced Quarter 1 net profit for Petronet LNG by 25% as compared to previous quarter
Reduced Quarter 1 net profit for Petronet LNG by 25% as compared to previous quarter

Decline in Petronet LNG's consolidated quarterly net profit by 25% during Q1

Petronet LNG to Build New Greenfield Terminal in Odisha

Petronet LNG, India's leading liquefied natural gas (LNG) importer, has announced plans to build a new greenfield LNG terminal at Gopalpur Port in Odisha. The proposed capacity of the new terminal is expected to be 5 million tonnes per annum (MMTPA), with an estimated project cost of approximately ₹6,354.80 crore.

The new terminal, scheduled for completion within three years from its approval, aims to tap into demand in eastern and northeastern India as well as industrial clusters in Odisha and neighboring states. Once operational, it will replace an earlier approved 4 MMTPA floating storage and regasification unit (FSRU)-based LNG terminal.

The Gopalpur terminal will be Petronet LNG's first greenfield LNG terminal on the east coast, marking a significant step towards supporting India’s gas-based economy goals and improving regional energy access. The company plans to finance the project through a mix of debt and equity.

In Q1 FY26, Petronet LNG's consolidated net profit decreased by 25% to Rs 824.44 crore compared to Rs 1,100.76 crore in the previous year. On a sequential basis, the net profit declined by 23% from Rs 1,067.58 crore in Q4FY25. The total income on a consolidated basis for Petronet LNG in Q1FY26 was Rs 12,096.46 crore, a decrease of 11% from Rs 13,592.84 crore in Q1FY25. The revenue from operations fell by 11% in Q1FY26 to Rs 11,879.86 crore compared to Rs 13,415.13 crore in Q1FY25.

Apart from the new greenfield project, Petronet LNG's existing regasification capacity includes 17.5 MMTPA at the Dahej terminal (expanding to 22.5 MMTPA) and the Kochi terminal with a capacity of 5 MMTPA. Petronet LNG remains India's largest LNG importer, accounting for around 34% of gas supplies in the country and handling around 74% of LNG imports in India.

It's important to note that the new greenfield project at Gopalpur is not directly related to any recent investment announcements by companies such as ITC in domestic manufacturing or Laurus Labs in KRKA Pharma.

The construction of the jetty at the Gopalpur terminal is currently on schedule, with some minor delays in related projects due to monsoons and security concerns. The terminal itself targets a roughly three-year horizon for completion after final investment approval, with an expected operational date around 2028.

[1] India's Petronet LNG to build greenfield LNG terminal in Odisha [2] Petronet LNG's Gopalpur terminal may take three years to complete [3] Petronet LNG to build first greenfield LNG terminal on east coast [4] Petronet LNG to build greenfield LNG terminal at Gopalpur, Odisha [5] Petronet LNG to build 5 MMTPA greenfield LNG terminal at Gopalpur, Odisha

[1] Investment in the finance sector of India continues as Petronet LNG, the nation's leading liquefied natural gas importer, is building a 5 MMTPA greenfield LNG terminal at Gopalpur Port in Odisha.

[2] The Gopalpur terminal, Petronet LNG's first greenfield LNG terminal on the east coast, is expected to take around three years from its final investment approval to complete, with an anticipated operational date around 2028.

[3] This significant step towards supporting India's gas-based economy goals is financed through a mix of debt and equity, as Petronet LNG builds their newest greenfield investment - the LNG terminal at Gopalpur.

[4] As part of the growing energy market in India, Petronet LNG to build a greenfield LNG exchange, aiming to tap into demand in eastern and northeastern India as well as industrial clusters in Odisha and neighboring states.

[5] Beyond domestic manufacturing and pharmaceutical investments, the finance industry's Defi sector sees Petronet LNG's new greenfield project at Gopalpur, Odisha, as an opportunity for potential investments in the energy sector.

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