Petronet LNG posted numbers broadly in-line with street expectations. In an interview with CNBc-TV18’s Anshu Sharma, Prabhat Singh, MD & CEO of the company explained what drove their earnings this quarter.
Ajanta Pharma retains the tag of fastest wealth creator for the third time in a row and Asian Paints is the most consistent wealth creator, said the wealth creation study
The company plans to run at least 20 LNG busses in Gujarat, Prabhat Singh, MD & CEO, Petronet LNG.
The CERAWeek India Energy Forum is underway in New Delhi; CNBC-TV18's Nithya Balakrishnan caught up with Prabhat Singh of Petronet LNG and asked him about the status of the Kochi terminal project and other developments.
Reports from Petrowatch indicate that liquefied natural gas (LNG) imports in June were at a record low. In an interview to CNBC-TV18, RK Garg, Director, Finance at Petronet LNG shared his readings and outlook on the same.
Domestic gas is cheaper than imported gas. “So good for the country and consumer, said RK Garg, Director-Finance, Petronet LNG.
In an interview to CNBC-TV18, Prabhat Singh, MD & CEO and RK Garg, Director-Finance at Petronet LNG spoke about the results and gave their outlook for the company.
In an interview with CNBC-TV18, RK Garg, Director-Finance at Petronet LNG spoke about the latest happenings in his company and shared his outlook for FY18.
Speaking on the GDF stake sale in Petronet LNG, Srinivasan said that the promoters will not buy any of it as the structure of the company is on a joint venture basis, which would deviate.
The Q3 earnings of the company came in line with estimates with volumes being a big positive. But the profit after tax fell by 13.5 percent quarter-on-quarter due to a lower effective tax rate.
India's biggest importer of liquefied natural gas, Petronet LNG Ltd, reported net profit of Rs 397 crore in the third quarter ended December 31. Company‘s profit more than doubled as it handled record volumes of imported gas.
Since procurement and sales are pre-decided by long-term contracts, movements in spot LNG prices do not impact them, said RK Garg, Director of Finance, Petronet LNG.
Petronet LNG posted a stellar set of earnings in Q2, with the company posting highest-ever EBITDA on strong volume growth.
Petronet LNG on Monday posted a nearly 55 percent jump in its standalone net profit at Rs 377.86 crore for the quarter ended June 30, 2016. The company had reported a net profit of Rs 244.12 crore in the corresponding quarter a year ago, it said in a BSE filing.
LNG consumption, which is 40-45 million cubic meter per day, is expected to rise by 10 million cubic meter a day in current fiscal, says Prabhat Singh, MD & CEO of Petronet LNG.
In an interview to CNBC-TV18, RK Garg, CFO, Petronet LNG spoke about the latest happenings in his company and sector.
Speaking to CNBC-TV18, Kapil Mehan, MD & group CEO of Zuari Agro Chemicals says that the move will improve cash flows of companies.
RK Garg of Petronet LNG says the company is trying to make up the "drop" by buying spot volume from the spot market.
Petronet's net profit stood at Rs 247.50 crore in the April-June quarter as compared to Rs 156.60 crore net profit in the same period a year ago.
Speaking about volumes, RK Garg, director-finance at Petronet LNG said Dahej and Kochi terminals need to improve its operating capacity to see uptick in volumes.
Discussing the results, RK Garg, Director Finance, Petronet LNG, agreed that Q4FY15 numbers are indeed below expectations and the company has been trying to mitigate issues raised after sudden drop in crude prices
According to AK Balyan, Kerala government has taken the initiative to start the Kochi-Mangalore pipeline soon and the company is confident of significant progress by the end of this financial year.
Dahej operations are performing as per expectations and once the second jetty at Dahej which is likely to be commissioned by March comes up; the volumes will improve further said RK Garg, director finance, Petronet LNG.
The recently-commissioned Kochi terminal of Petronet LNG has been operating below capacity as it is yet to be connected to pipelines reaching different markets, the firm‘s CEO and MD A Balyan, told CNBC-TV18. He also said he would not be able to provide a timeline as to when the pipeline would be laid.
In an interview to CNBC-TV18, A Balyan, CEO & MD, Petronet LNG spoke about progress of work at Kochi terminal.