Business IdeasPetronet LNG eyes 53% growth in top line
LNG importer Petronet LNG is eyeing 53 per cent growth in the top line at Rs 13,000 crore during the current fiscal, Petronet LNG Managing Director P Dasgupta said today.
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The company"s top line stood at Rs 8,500 crore in fiscal 2008-09, Dasgupta told PTI.
The firm was expanding its capacity at Dahej and setting up a new terminal in Kerala, which would be operational by the end of 2011, at a cost of Rs 3,700 crore, he said on the sidelines of Assocham meet here.
Post expansion and completion of the new plant, the total capacity of the company would touch 17 mt per annum.
He said that as per the Planning Commission, this quantity would suffice till 2012 depending upon the demand.
He said that the company was buying more LNG from Qatar.
For the Kerala terminal, Petronet would ship LNG from Australia.