Deals14 Jul 2025, 08:37 pm
Deepak Fertilisers and Petrochemicals Corporation Ltd Signs Rs. 1200 Crore Regasification Agreement with Petronet LNG Limited
AI Summary
Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) has entered into a long-term agreement with Petronet LNG Limited (PLL) for the regasification of Liquefied Natural Gas (LNG). The agreement, which is for a period of five years, will see Petronet LNG regasify approximately 25 TBTUs of LNG annually, post an initial ramp-up period, primarily at its Dahej terminal. The regasified gas will be primarily supplied to the Company and PLL’s manufacturing facilities units at Taloja for internal consumption. The size of the contract is valued at Rs. 1200 Crore with an additional outlay of up to 20% over the contract duration.
Key Highlights
- Deepak Fertilisers and Petrochemicals Corporation Ltd has signed a long-term agreement with Petronet LNG Limited for regasification of LNG.
- The agreement is for a period of five years with a contract value of Rs. 1200 Crore and an additional outlay of up to 20% over the contract duration.
- Petronet LNG will regasify approximately 25 TBTUs of LNG annually, primarily at its Dahej terminal.
- The regasified gas will be supplied to the Company and PLL’s manufacturing facilities units at Taloja for internal consumption.
- This agreement is a significant step for DFPCL in ensuring a steady supply of natural gas for its operations.