Petronet LNG updates annual report, highlights strong performance

Petronet LNG Limited (PLL) has issued a corrigendum and updated annual report for the financial year 2024-25. The corrigendum addresses typographical errors in the "Performance Highlights for the FY 2024-25" section, explicitly stating these corrections do not impact the Notice of the 27th AGM, Directors’ Report, or financial statements. The updated Annual Report is available on the company’s website and stock exchanges.

The updated report highlights PLL's exceptional FY 2024-25, with record daily send-out of 81.62 MMSCM and 12,411 LNG truck fillings at the Dahej Terminal, representing a 96.6% capacity utilization. The Kochi Terminal also achieved its highest-ever send-out of 58.63 TBTUs and recorded 2,758 LNG truck fillings, a 24% increase from the previous year. Financially, PLL reported a Profit Before Tax (PBT) of Rs 5,275.18 crore and a Profit After Tax (PAT) of Rs 3,926.37 crore, marking a 14% increase in net worth to Rs 19,382.38 crore.

Key projects include the commissioning of two LNG storage tanks at Dahej, expansion of truck loading bays, and progress on the petrochemicals complex. PLL also reaffirmed its commitment to sustainability, with a roadmap to achieve net-zero emissions by 2040 and a 5-star rating for occupational health and safety from the British Safety Council for the second consecutive year. Shareholders are set to receive a final dividend of Rs 3.00 per equity share for FY 2024-25, in addition to an interim dividend of Rs 7.00 paid in November 2024.