Petronet LNG secures ₹12,000 crore loan for petrochemicals project

Petronet LNG Limited announced the execution of a loan agreement on December 10, 2025, to secure a total of ₹12,000 crore in secured Rupee Term Loans. The funding comprises two tranches of ₹6,000 crore each from a consortium led by the State Bank of India (SBI) with Bank of Baroda as a co-member.

This substantial capital injection is earmarked primarily for the company's Petrochemicals Project, which includes a 750 KTPA Propane Dehydrogenation (PDH) and 500 KTPA Polypropylene (PP) facility, as well as propane and ethane handling infrastructure at Dahej, Gujarat. The remaining funds will cover other capital expenditures.

The loan is secured by a first pari-passu charge over movable properties and immovable assets pertaining to the PDH-PP Project, excluding the project land. Additionally, a second pari-passu charge is placed on the existing movable fixed assets of the borrower, to be released upon commissioning of the PDH-PP Project. The security will be shared pari-passu among the lenders and bondholders.