Petronet LNG: Stepping on the gas
Huge market opportunity, expansion plans should keep this gas importer in fast lane
After a stand-out performance in 2016-17, gas importer and regasifier Petronet LNG has continued to deliver strongly this fiscal year too. The company’s profit nearly doubled in 2016-17 to ₹1,706 crore and grew 23 per cent y-o-y in the half-year ended September 2017 to ₹1,026 crore. In the recent September 2017 quarter, profit growth was 28 per cent. The good show has been driven by strong volume...
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