PETRONET

April 22 (Reuters) - Petronet LNG Ltd PLNG.NS:

• SAURAV MITRA JOINS PETRONET LNG AS DIRECTOR (FINANCE) & CFO

Source text: ID:nBSEbkVvXG

Further company coverage: PLNG.NS

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April 18 (Reuters) - Petronet LNG Ltd PLNG.NS:

• VINOD KUMAR MISHRA CEASES TO BE CFO

Source text: ID:nBSEc9Zh73

Further company coverage: PLNG.NS

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April 16 (Reuters) - Petronet LNG Ltd PLNG.NS:

• APPOINTS SAURAV MITRA AS CFO

Source text: ID:nBSEbgT4L9

Further company coverage: PLNG.NS

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April 8 (Reuters) - Petronet LNG Ltd PLNG.NS:

• PETRONET LNG - SIGNS INITIAL PACT WITH ODISHA STATE GOVERNMENT TO SET UP 4 MTPA LNG TERMINAL

Source text: [ID:]

Further company coverage: PLNG.NS

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By Mohi Narayan

NEW DELHI, Feb 14 (Reuters) - India will be a bright spot for petrochemical demand in 2025 even as global consumption lags supply, amid rising demand for electric vehicle parts, solar panels and household appliances, industry executives said on the sidelines of India Energy Week conference.

"We are seeing good local demand in the sectors like propylene where our company operates," Bharat Petroleum's BPCL.NS director of refineries Sanjay Khanna said.

Indian Oil IOC.NS Chairman A S Sahney said demand is expected to remain resilient this year.

Petrochemicals are used in key building blocks for a variety of goods such as plastics, paints, and pharmaceuticals.

Ganesh Gopalakrishnan, TotalEnergies's TTEF.PA global head of petrochemical trading, said there is good demand from the automobile sector while white goods consumption is recovering.

However, global petrochemical margins are expected to stay depressed for a few more years amid weak demand from top petrochemical consumer China and excess supply from new Chinese and Middle Eastern plants.

"The industry is waiting for China to announce its big incentive plan in March," said TotalEnergies's Gopalakrishnan, adding that this could spur China's demand and improve global petrochemical margins.

Refiners in India have been insulated from losses because they produce their own petrochemical feedstock naphtha, margins have been negative in the last 3-4 years for standalone plants which rely on imported feed, said Pankaj Srivastava, an analyst at consultancy Rystad Energy.

Meanwhile, investments continue to pour into India. The country is expected to receive $87 billion worth of investments in the next decade to meet the nation's rising demand for petrochemicals, the country's oil minister Hardeep Singh Puri said last year.

He said India consumes 25 to 30 million metric tons of petrochemical products annually, and the chemical and petrochemicals sector, currently valued at $220 billion, is expected to grow to $300 billion by 2025.

Companies such as Nayara Energy and Haldia Petrochemicals have already announced plans to boost production.

Petronet LNG is setting up a petrochemical complex of 750,000 metric tons-per-year (tpy) propane dehydrogenation unit and 500,000 tpy polypropylene unit in the western state of Gujarat.

"The downturn in petchems has always been cyclical and we hope margins will recover in next three years," Petronet LNG Chief Executive Akshay Kumar Singh said.

(Reporting by Mohi Narayan; Editing by Florence Tan and Michael Perry)

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Feb 13 (Reuters) - Petronet LNG Ltd PLNG.NS

• PETRONET LNG EXEC: DAHEJ LNG TERMINAL EXPANSION TO COMPLETE IN 3-4 MONTHS TIME

• PETRONET LNG EXEC: OPERATING 5 MTPA KOCHI LNG TERMINAL AT ABOUT 25% CAPACITY

• PETRONET LNG EXEC: TO COMPLETE GOPALPUR LNG TERMINAL IN 3 YRS TIME

• PETRONET LNG EXEC: INDIAN GAS CONSUMPTION TO RISE 3.5 TIMES FROM CURRENT LEVEL TO RAISE SHARE OF GAS IN ENERGY MIX TO 15% BY 2030

• PETRONET LNG EXEC: INDIA MAY HAVE TO IMPORT 120 MTPA LNG TO RAISE SHARE OF GAS TO 15% BY 2030

• PETRONET LNG EXEC: GLOBAL GAS PRODUCERS SHOULD LOOK AT MAKING GAS AFFORDABLE FOR CONSUMERS TO PREVENT SHIFT TO ALTERNATIVES

• PETRONET LNG EXEC: WILL LOOK TO GET INTO LNG TRADING

Further company coverage: PLNG.NS

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Feb 6 (Reuters) - Petronet LNG Ltd PLNG.NS:

• EXECUTES AGREEMENTS WITH DEEPAK PHENOLICS FOR PROPYLENE AND HYDROGEN

• AGREEMENT INCLUDES SALE OF 250 KTA PROPYLENE AND 11 KTA HYDROGEN

• SUPPLY PERIOD UNDER AGREEMENTS IS 15 YEARS

Source text: ID:nBSE7CSXdF

Further company coverage: PLNG.NS

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Jan 30 (Reuters) - Petronet LNG Ltd PLNG.NS:

• DEC-QUARTER CONSOL PAT 8.67 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 122.27 BILLION RUPEES

Source text: ID:nNSEbkPPr8

Further company coverage: PLNG.NS

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By Sethuraman N R

Jan 27 (Reuters) - An increase in LNG production in the United States after President Donald Trump ended a moratorium on new export permits should benefit consuming nations like India, the chief executive of the country's top gas importer said on Monday.

Trump last week ordered the U.S. Energy Department to resume the consideration of LNG export applications after the Biden administration froze them.

"If more LNG plants come in the U.S., it will stabilise international LNG prices," Petronet LNG Chief Executive Akshay Kumar Singh said in a post earnings media call.

"For a consuming nation (like India), it is expected that if prices are in the range of $7 to $8 per million British thermal units (mmBtu), the consumption will drastically improve because there is no shortage of customers, they are just price sensitive," Singh said.

Singh expects LNG prices to hover around $12-$14 per mmBtu in the current quarter on strong demand from Europe.

European gas reserves are some 17 billion cubic metres (bcm) lower than at the same time in 2024, according to ICIS analyst Alex Froley.

The additional volumes required to refill them could also keep prices elevated in the second quarter of the year, Singh said.

He also said Petronet is working to start supplies of LNG to neighbouring Sri Lanka, after signing a deal to supply LNG engineering firm LTL Holdings' power plants in Colombo for five years through a terminal in the southern Indian city of Kochi.

(Reporting by Sethuraman NR; Editing by Kirsten Donovan)

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** India's top LNG importer Petronet LNG PLNG.NS falls 6.2% to 362.75 rupees, biggest pct fall since June 2024

** PLNG top pct loser in mid-cap 100 index .NIFMDCP100, which is up 0.1%

** Citi flags tariff risk for PLNG after Petroleum and Natural Gas Regulatory Board (PNGRB) called to bring regasification - conversion of liquefied natural gas into gas - under regulatory framework

** PNGRB has said despite expansion of LNG terminals in India, gas tariffs have not come down, while PLNG has raised tariffs 5% annually

** Brokerage says PLNG cannot raise tariffs arbitrarily for LNG import terminals if regasification is regulated, retains "sell" call

** With new LNG capacities coming up, there is uncertainty on sustainability of PLNG's strong pricing power - Citi

** PLNG rose ~55% in 2024, logging its best annual gains since 2014

(Reporting by Sethuraman NR, Yagnoseni Das in Bengaluru)

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Dec 30 (Reuters) - Konstelec Engineers Ltd KONS.NS:

• KONSTELEC ENGINEERS LTD - AWARDED ORDER WORTH 178.5 MILLION RUPEES

• KONSTELEC ENGINEERS LTD -GETS ORDER FROM PETRONET LNG

Source text: ID:nNSE32QMVW

Further company coverage: KONS.NS

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Adds details of joint statement from paragraph 2

NEW DELHI, Dec 16 (Reuters) - India plans to supply liquefied natural gas to Sri Lanka's power plants and will work on connecting the power grids of the two countries as well as lay a petroleum pipeline between the neighbours, Indian Prime Minister Narendra Modi said on Monday.

Modi was speaking at a joint press briefing with Sri Lankan President Anura Kumara Dissanayake in New Delhi.

Dissanayake is on his first official visit to Sri Lanka's powerful neighbour after winning the presidency in September and securing a landslide parliamentary election victory last month.

Indian state-run firm Petronet LNG PLNG.NS has signed a deal to supply liquefied natural gas to Sri Lankan engineering firm LTL Holdings' power plants in Colombo for five years through its terminal in the southern Indian city of Kochi.

Both sides also discussed a plan to connect power grids and lay a multi-product petroleum pipeline between the two countries, a joint statement from the Indian External Affairs Ministry said.

The two countries also agreed to jointly develop offshore wind power potential in the Palk Straits, an area where India's Adani Green Energy Ltd. ADNA.NS already has plans to invest $442 million in two wind power stations.

Sri Lanka is reviewing the wind power project along with a $553 million terminal project at the Colombo port also linked to Adani Ports APSE.NS. But it was unclear if the projects were discussed during the meeting between Modi and Dissanayake.

Last month, U.S. authorities accused Adani Group Chairman Gautam Adani and seven others of being part of a $265 million scheme to bribe Indian officials, and of misleading U.S. investors while raising funds there.

The ports-to-power conglomerate has termed the allegations "baseless" and said it would seek "all possible legal recourse".

India extended more than $4 billion in aid to Sri Lanka when the island nation's economy plunged into a severe financial crisis in 2022 and entered into a preliminary debt restructuring agreement, along with other bilateral creditors Japan and China, in July.

The two countries will now finalise discussions on the bilateral memorandum of understanding needed to complete the debt restructuring process, the joint statement added.

(Reporting by Shanima A in Mumbai and Shivam Patel in New Delhi; Editing by YP Rajesh)

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NEW DELHI, Oct 24 (Reuters) - India's top gas importer Petronet LNG PLNG.NS aims to start operating a 5 million metric ton per year (tpy) liquefied natural gas (LNG) terminal at Gopalpur in eastern Odisha state in 2027, Chief Executive Akshay Kumar Singh said on Thursday.

The company had previously planned for a 4 million tpy floating storage and regassification unit at Gopalpur.

(Reporting by Nidhi Verma
Editing by David Goodman
)

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** Petronet LNG PLNG.NS rises 5.4% to 362.75 rupees - top pct gainer on mid-cap 100 index .NIFMDCP100, which is down 1.4% amid broad sell-off in domestic markets

** Emkay Global upgrades to "buy" from "add", raises TP to Street-high of 425 rupees - a 23.4% upside to last close - LSEG

** Says India's top gas importer's valuations remain attractive at current levels and earnings outlook is steady, with EPS rising 7%-9% by FY27

** Adds co does not plan to bring any major tariff tweaks and is likely to sustain volume growth - both positives for stock outlook

** Avg rating of 31 analysts is "hold"; median TP is 315 rupees

** Stock up 63% YTD vs NIFMDCP100's 29% rise

(Reporting by Bharath Rajeswaran in Bengaluru)

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Aug 20 (Reuters) - Petronet LNG Ltd PLNG.NS:

• PETRONET LNG LTD - SIGNING OF AN MOU WITH LTL HOLDINGS LIMITED (LTL) OF SRI LANKA

• PETRONET LNG LTD - MOU FOR SUPPLY OF LNG TO LTL'S DUAL FUELLED POWER PLANT IN COLOMBO

• PETRONET LNG LTD - INITIAL TERM OF LNG SUPPLY WOULD BE 5 YEARS

Source text for Eikon: ID:nBSE7rbgfw

Further company coverage: PLNG.NS

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SINGAPORE, July 25 (Reuters) - Indian gas importer Petronet LNG PLNG.NS has issued a tender for a liquefied natural gas (LNG) cargo for delivery in September, two industry sources said on Thursday.

The company is seeking the cargoes for delivery Sept. 10-24 to the Dahej terminal. The tender closes on July 26.

(Reporting by Emily Chow
Editing by David Goodman
)

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July 24 (Reuters) - Petronet LNG Ltd PLNG.NS:

• PETRONET LNG Q1 CONSOL PAT 11.42 BILLION RUPEES

• PETRONET LNG Q1 CONSOL REVENUE FROM OPERATIONS 134.15 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: PLNG.NS

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May 22 (Reuters) - Petronet LNG Ltd PLNG.NS:

• PETRONET LNG EXEC: IN ACTIVE DISCUSSION WITH SRI LANKAN AUTHORITIES FOR FINALISING QUANTITY AND TIMELINESS FOR SUPPLY OF LNG

• PETRONET LNG EXEC: LNG DEMAND IS COMING FROM POWER SECTOR

• PETRONET LNG EXEC: DAHEJ PLANT IS OPERATING AT FULL CAPACITY

• PETRONET LNG EXEC: EXPECT HIGHER GAS DEMAND FROM POWER SECTOR TO CONTINUE FOR COUPLE OF MONTHS

• PETRONET LNG EXEC: AT PRESENT LONG TERM LNG PRICES AND SPOT PRICES ARE SIMILAR AT NEARLY $11/MBTU

• PETRONET LNG EXEC: SOME SPIKE IN SPOT PRICES SEEN IN RECENT TIMES

• PETRONET LNG EXEC: LNG PRICES AFFECTED BY GEOPOLITICAL FACTORS AND EUROPE CONSUMPTION

• PETRONET LNG EXEC: EXPECT LNG VOLUME GROWTH TO COME FROM ASIAN NATIONS LIKE CHINA AND INDIA

• PETRONET LNG EXEC: EXPECT LNG PRICES TO RANGE BETWEEN $12-15/MMBTU TILL WINTER

• PETRONET LNG EXEC: DAHEJ LNG TERMINAL TO BE EXPANDED TO 22.5 MTPA CAPACITY BY MARCH 2025

• PETRONET LNG EXEC: AIMS TO SET UP LNG TERMINAL IN EASTERN INDIA IN 3 YRS

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Feb 8 (Reuters) - PETRONET LNG LTD PLNG.NS EXECUTIVE AT INDIA ENERGY WEEK:

• SAYS OPERATING DAHEJ LNG TERMINAL AT FULL CAPACITY

• SAYS SOFTENING LNG PRICES IN SUMMER SEASON WILL BOOST DEMAND FROM POWER PLANTS

• EXEC SAYS ADDITIONAL 1.25 ML T/YEAR LNG DEALS UNDER EXISTING GORGON DEAL WILL START IN 2025-26

Further company coverage: PLNG.NS

(Reproting by Seher Dareen)

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Adds comments from Petronet LNG CEO, details and background throughout

By Sudarshan Varadhan

QUITOL, India, Feb 7 (Reuters) - Indian liquefied natural gas (LNG) imports are forecast to jump to 150 million metric tons per year (tpy) by 2030 and the country will need the equivalent re-gasification capacity to achieve its targets, Petronet LNG's CEO said on Wednesday.

The expected imports compare to current levels of 22 million tpy, Akshay Kumar Singh said at the India Energy Week in Goa.

India aims to raise the share of natural gas in its energy mix to 15% by 2030, up from 6.2% currently, as part of efforts to cut planet-warming emissions.

Singh added that India's consumption of natural gas stands at 150 million standard cubic metres per day (mmscmd), of which 45% is imported.

LSEG data shows the South Asian nation imported 20.8 million metric tpy of LNG last year.

(Reporting by Sudarshan Varadhan; Writing by Emily Chow; Editing by Jason Neely, Alexander Smith and Emelia Sithole-Matarise)

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Updates with Petronet LNG statement paragraph 1 onwards, Qatar energy minister paragraph 10-11

By Nidhi Verma

QUITOL, India, Feb 6 (Reuters) - QatarEnergy and India's Petronet LNG PLNG.NS signed their biggest single deal for supplies of liquefied natural gas (LNG) on Tuesday, as India ramps up use of the fuel in a bid to curb emissions.

The deal will see Qatar supply 7.5 million metric tons per year of LNG to Petronet LNG on a delivered ex-ship basis (DES) from 2028 to 2048, according to a Petronet LNG statement.

Qatar, the world's second largest LNG exporter, is pushing to play a larger role in Asia and Europe as competition from top supplier U.S. increases. It plans to expand its liquefaction capacity to 126 million tons per year by 2027 from 77 million.

Tuesday's agreement is a renewal of an existing deal expiring in 2028 in which Petronet LNG imports 7.5 million metric tons per year of LNG from Qatar on a free-on-board (FOB) basis, priced at a slope of 12.67% of the current Brent crude oil futures prices and a fixed charge of 52 cents per million British thermal units (mmBtu).

Petronet LNG's statement did not say if the pricing terms for the renewed deal are the same.

Offtakers of the LNG volumes are GAIL (India) Limited, Indian Oil Corporation Limited and Bharat Petroleum Corporation Limited, who will take supplies of the super-chilled fuel at a 60:30:10 ratio respectively after it is regassified at Petronet's Dahej import terminal, said Petronet LNG.

Petronet LNG, India's top gas importer, supplies gas that is mostly procured under long-term deals with Qatar and Australia to Indian energy companies for sale to end-users. These companies also have booked capacity at Dahej to directly import gas.

Petronet LNG chief executive Akshay Kumar Singh said in the statement that its existing long-term agreement with QatarEnergy accounts for around 35% of India's LNG imports.

India imported 10.6 million tons of LNG from Qatar in 2023, about half of India's total LNG imports of 20.8 million tons last year, according to data from LSEG.

India wants to raise the share of natural gas in its energy mix to 15% by 2030, up from 6.2% currently, as part of an effort to cut planet-warming emissions.

"We are here to serve the market in India and we hope to be part of the expansion of the economy and requirements and the energy sector," said Qatar's energy minister Saad al-Kaabi, who is also QatarEnergy's CEO, on the sidelines of India Energy Week event in Goa on Tuesday.

He said Qatar was "talking to a lot of our colleagues in Indian companies about new deals."

Reuters earlier reported citing three sources that Petronet LNG would sign the deal with Qatar. One of the sources said that the fixed charge for Qatari LNG will not be in the renewed deal.

Petronet is also expected to sign a separate deal for LNG supplies on a delivered basis, all three of the sources said.

Qatar aims to expand its liquefaction capacity to 126 million tons per year by 2027 from 77 million tons per year and has signed long-term deals with European majors Shell SHEL.L, TotalEnergies TTEF.PA and ENI ENI.MI.

(Reporting by Nidhi Verma; Writing by Florence Tan and Emily Chow; Editing by Tom Hogue, Christian Schmollinger and Ros Russell)

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NEW DELHI, Feb 1 (Reuters) - India has proposed to supply liquefied natural gas (LNG) to Sri Lanka to help the island nation produce power from its Yughadhanavi and Sobhadabavi power plants, Sri Lanka's Energy Minister said on Thursday.

"In the efforts to expedite the process to generate power from LNG the Government of India has proposed an interim solution from Petronet LNG PLNG.NS," Energy Minister Kanchana Wijesekera said in a post on social media platform X.

He said the interim solution was discussed with Sri Lankan government officials, the Indian High Commision, Ceylon Electricity Board (CEB) and Petronet LNG.

Petronet LNG is India's top gas importer.

(Reporting by Bansari Mayur Kamdar and Nidhi Verma in New Delhi; Editing by YP Rajesh)

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Jan 30 (Reuters) - Petronet LNG Ltd PLNG.NS:

• INDIA'S PETRONET LNG EXEC: WORKING ON LONG TERM LNG DEALS WITH QATAR

• PETRONET LNG EXEC: HOPES TO COMPLETE GOPALPUR LNG TERMINAL IN EAST COAST IN 3 YRS

• PETRONET LNG EXEC: DO NOT FORESEE ANY CHALLENGES IN GLOBAL LNG SUPPLIES

• PETRONET LNG EXEC: EXPANSION OF DAHEJ LNG TERMINAL IS EXPECTED TO COMPLETED BY MARCH 2025

• PETRONET LNG EXEC: ADDITIONAL LNG TANKS AT DAHEJ LNG TERMINAL TO BE COMPLETED BY JUNE 2024

• PETRONET LNG EXEC: SEES NO IMPACT ON LNG SUPPLIES TO PETRONET'S IMPORT FACILITIES DUE TO RECENT EVENTS IN RED SEA REGION

Source text for Eikon: [ID:]

Further company coverage: PLNG.NS

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** Shares of Petronet LNG Ltd PLNG.NS up 5.1% at 259.35 rupees

** Qatar Energy could sign deal with Indian buyers, including state-run PLNG for cheaper long-term LNG supply by at least Jan-end, Reuters reported on Friday citing sources

** Deal also allows Indian buyers to decide which terminal in India will receive cargoes, thereby reducing pipeline transportation costs

** Stock jumped as much as 7.9% earlier in the session to its highest since Sept 2019, when it hit record high after deal with U.S.-based Tellurian for LNG purchases

** Stock rose 1.3% on Saturday; trading was closed on Monday

** Over 22.7 mln shares traded vs 30-day avg of ~4.9 mln shares

** Thirty analysts covering PLNG rate it "hold" on avg; median PT is 230 rupees - LSEG data

(Reporting by Nandan Mandayam in Bengaluru)

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By Nidhi Verma

NEW DELHI, Jan 3 (Reuters) - India's top gas importer Petronet LNG PLNG.NS is likely to sign a deal this month to extend its long-term liquefied natural gas (LNG) imports from Qatar to beyond 2028, India's Oil Secretary said on Wednesday.

Petronet has a 7.5-million metric ton per year (tpy) long-term LNG import deal with Qatar and its promoters Indian Oil Corp IOC.NS, Bharat Petroleum Corp BPCL.NS and GAIL (India) Ltd GAIL.NS has a 1 million tpy deal.

Indian companies had until the end of 2023 to negotiate with Qatar for renewal of the deals to beyond 2028.

"We are pretty close to signing the deal," Oil Secretary Pankaj Jain told reporters.

Qatar, the world's top LNG exporter, aims to expand its liquefaction capacity to 126 million tpy by 2027 from 77 million and has signed long-term deals with European majors Shell SHEL.L, TotalEnergies TTEF.PA and ENI ENI.MI.

It has also signed long-term gas deals with China's Sinopec, China National Petroleum Corp and Bangladesh.

(Reporting by Nidhi Verma; Writing by Shivam Patel;Editing by Elaine Hardcastle)

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** Shares of LNG seller Petronet LNG PLNG.NS rise as much as 3.1% to 222.95 rupees, highest price in nearly 2 months

** Stock climbs most in nearly 8 weeks, on track for fifth consecutive session of gains

** PLNG signs agreement with Gopalpur Ports to set up LNG terminal on the east coast of India

** Stock breaches 100-day simple moving average after nearly 2 months

** Analysts on average have a "hold" rating; median PT is 235 rupees - LSEG data

** Stock last up 3%, set for ~3.4% gain in 2023

(Reporting by Anisha Ajith in Bengaluru)

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Dec 27 (Reuters) - Petronet LNG Ltd PLNG.NS:

• PETRONET LNG LTD - SIGNS BINDING TRANSACTION DOCUMENTS WITH GOPALPUR PORTS LIMITED

• PETRONET LNG LTD - SIGNS BINDING TRANSACTION DOCUMENTS FOR SETTING UP OF LNG TERMINAL ON THE EAST COAST OF INDIA

• PETRONET LNG LTD - TO SET UP FLOATING STORAGE REGASIFICATION UNIT BASED LNG TERMINAL WITH CAPACITY OF ABOUT 4 MMTPA

• PETRONET LNG LTD - SETTING UP OF FLOATING STORAGE REGASIFICATION UNIT WITH PROVISION FOR CONVERTING TO 5 MMTPA LAND-BASED TERMINAL

Source text for Eikon: [ID:]

Further company coverage: PLNG.NS

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** Shares of Deepak Nitrite DPNT.NS rise 3.9% after its unit approves execution of deal with Petronet LNG PLNG.NS

** Deepak Phenolics to offtake 250 KTPA of propytene and 11 KTPA of hydrogen from Petronet Petrochemical Project at Dahej, Gujarat for 15 years

** More than 472,000 shares traded, 1.2x the 30-day avg

** Avg rating of 14 analysts is "hold"; median PT of 2,282 rupees is about 4% below current price - LSEG data

** Stock up about 20% so far this year

(Reporting by Dimpal Gulwani in Bengaluru)

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** Shares of Petronet LNG PLNG.NS rise as much as 3% to 212.35 rupees, hitting their highest since Oct. 30

** About 1.8 million shares of PLNG shares change hands in a block deal at a price of 208.45 rupees apiece as of 2:57 p.m. IST, LSEG data shows

** Stock on track for a third consecutive session of gains, if trends hold

** More than ~11 mln shares traded by 3:03 p.m. IST, 1.6x the 30-day avg

** Twelve of the 29 analysts covering the stock have a "buy" or higher rating, 10 have "hold", while seven recommend at "sell" or lower; median PT is 235 rupees - LSEG data

** Stock last up 2.3%, cutting YTD losses to 2.1%

(Reporting by Dimpal Gulwani in Bengaluru)

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Oct 30 (Reuters) - Petronet LNG Ltd PLNG.NS:

• Q2 PAT 8.18 BILLION RUPEES; REFINITIV IBES EST. PROFIT 7.87 BILLION RUPEES

• Q2 REVENUE FROM OPERATIONS 125.32 BILLION RUPEES

• YEAR AGO Q2 PAT 7.44 BILLION RUPEES, REVENUE FROM OPERATIONS 159.86 BILLION RUPEES

• APPROVED SETTING UP OF PETROCHEMICALS PROJECT OF 750 KTPA OF PDH & 500 KTPA OF PP PLANT AT DAHEJ

• ESTIMATED COST OF PROJECT AT 206.85 BILLION RUPEES

• DIVIDEND 7 RUPEES PER SHARE

Source text for Eikon: ID:nBSEc05Ks3

Further company coverage: PLNG.NS

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