Deals10 Jul 2025, 02:57 pm
Petronet LNG Limited Signs Regasification Agreement with Performance Chemiserve Limited
AI Summary
Petronet LNG Limited has signed a Regasification Agreement with Performance Chemiserve Limited, a wholly owned subsidiary of Deepak Mining Solutions Limited, which is a wholly owned subsidiary of Deepak Fertilisers and Petrochemicals Corporation Limited. The agreement is for the regasification of Liquefied Natural Gas (LNG) to be imported by DFPCL group and will generate revenue of about Rs. 1200 crore for PLL with an upside potential to generate an additional revenue of upto 20%, over the contract duration.
Key Highlights
- 5.5 years agreement for regasification of LNG
- Approximately 25.6 TBTUs of LNG to be regasified annually
- Agreement will generate revenue of about Rs. 1200 crore for PLL
- Regasified gas to be primarily utilized in manufacturing units of DFPCL group at Taloja
- Expands the long-term business horizons of PLL