Bpcl Refinery News

Petronet achieves highest turnover at Rs 37,748 crores

Petronet LNG Ltd, the nation's biggest importer of gas, reported yesterday its highest turnover at Rs 37,748 crores for the year ended March 31, 2014 and net profit at Rs 712 crores. During the year the Dahej terminal processed 489 TBTUs depicting a capacity utilisation of 96%. Kochi terminal was commissioned during the year and processed only 4.50 TBTUs of LNG serving two consumers in the vicinity of the terminal – the BPCL refinery and FACT. natural gas demand in the Country. The turnover, however, registered an increase of 20% over the previous year – primarily on account of increase in the price of LNG and depreciation of Indian Rupee vs the US Dollar. Capitalisation of the terminal at Kochi has added significant costs on account of interest and depreciation.