Investment25 Jul 2025, 10:15 pm
Petronet LNG Ltd Boosts Investment for 5 MMTPA Land-based LNG Terminal at Gopalpur by Rs. 4,048.80 Crores
AI Summary
Petronet LNG Ltd has announced an increase in investment for setting up a 5 MMTPA land-based LNG Terminal at Gopalpur, Odisha. The new investment approval is for an additional Rs. 4,048.80 crores, taking the overall approved value of the project to Rs. 6,354.80 crores (including taxes and duties). The project is expected to be completed in approximately three years, with financing through a combination of debt and equity. This is the company's first greenfield LNG terminal at the East coast of India.
Key Highlights
- Petronet LNG Ltd to invest an additional Rs. 4,048.80 crores for a 5 MMTPA land-based LNG Terminal at Gopalpur, Odisha.
- Overall approved project cost is Rs. 6,354.80 crores (including taxes and duties).
- The project is expected to be completed in approximately three years.
- Financing will be through a combination of debt and equity.
- This is the company's first greenfield LNG terminal at the East coast of India.