Archive · 28 Jul 2025
Petronet LNG Seeks Loan for Expansion, Plans New Plant and Terminal
Imagine a big company, Petronet, that brings in a lot of gas.
They want to build more stuff, like a new plant in Gujarat, so they need money.
They're asking for a loan of a lot of rupees – that's like borrowing a bunch of money to pay for it.
They also want to build a place in Odisha to bring in gas.
They plan to spend a lot of money in the next few years, even more than they're spending now.
This is all to make their business bigger and better!
Petronet LNG is seeking a ₹12,000 crore loan to fund expansion.
The company is constructing a petrochemical plant in Gujarat for ₹20,685 crore.
Petronet plans to spend ₹30,000 crore in the coming years, mostly on a petrochemical project.
Capital expenditure for 2026-27 will exceed the ₹5,000 crore estimated for the current fiscal year.
The board approved a ₹6350 crore LNG import terminal in Odisha.
- Who
- Petronet LNG, India's top gas importer.
- What
- Petronet LNG seeks a ₹12,000 crore loan for expansion and has planned for a petrochemical plant and an import terminal.
- When
- The company's capital expenditure for 2026-27 will be higher than the current fiscal year, and the board approved a terminal last week.
- Where
- The petrochemical plant is in Gujarat, and a new terminal will be built in Odisha.
- Why
- To fund the expansion of its plant and build new terminals.
- Loan Amount Sought
- ₹12,000 crore (approx. $1.4 billion)
- Petrochemical Plant Cost
- ₹20,685 crore
- Total Planned Spending
- ₹30,000 crore
- Odisha Terminal Cost
- ₹6350 crore
- Company
- Petronet LNG