Petronet LNG Ltd - Company Profile
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Petronet LNG Ltd (Petronet) is a prominent entity in the Indian energy sector, primarily engaged in the import and regasification of liquefied natural gas (LNG). The company operates LNG receiving and regasification terminals, with major facilities located in Dahej, Gujarat, and Kochi, Kerala. Petronet's services include LNG storage, regasification, and distribution, with the brand name Taral associated with its LNG supply through trucks. Its products and services cater to a diverse range of customers, including bulk consumers and small-scale industries lacking pipeline connectivity. Its major promoters include GAIL (India) Ltd, Oil and Natural Gas Corp Ltd (ONGC), Indian Oil Corp Ltd (IOCL) and Bharat Petroleum Corp Ltd (BPCL). Petronet's operations are strategically positioned to serve the Indian market, focusing on energy security and supply. Petronet is headquartered in New Delhi, India.
Petronet LNG Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Liquefied Natural Gas | Ancillary Services |
| Regasification of LNG | |
| Handling of LNG |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Plans/Strategy | In May, the company announced plans to construct new LNG storage tanks to diversify LNG supply sources and enhance energy security. |
| 2026 | Regulatory Approval | In March, the company secured board approval to launch a Section 8 wholly-owned subsidiary. |
| 2026 | Contracts/Agreements | In January, the company signed an agreement with Oil and Natural Gas Corporation Limited for LNG regasification services at PLL’s Dahej terminal to supply regasified gas to ONGC’s downstream customers. |
Competitor Comparison
| Key Parameters | Petronet LNG Ltd | Oil India Ltd | Gujarat State Petronet Ltd | East West Pipeline Ltd | Mundra LNG Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | New Delhi | Noida | Gandhinagar | Mumbai | Ahmedabad |
| State/Province | Delhi | Uttar Pradesh | Gujarat | Maharashtra | Gujarat |
| No. of Employees | 576 | 6,412 | 252 | - | - |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Neeraj Mittal | Chairman | Executive Board | 2026 | - |
| Akshay Kumar Singh | Chief Executive Officer; Managing Director; Director | Executive Board | 2021 | 64 |
| Saurav Mitra | Chief Financial Officer; Director - Finance | Executive Board | 2025 | 56 |
| Pramod Narang | Director - Technical | Executive Board | 2020 | - |
| Rajan Kapur | General Manager; Secretary | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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