PSU PRESS RELEASE
Petronet LNG sees Kochi terminal at 40 pct capacity by 2019
GANDHINAGAR India's biggest gas importer Petronet LNG expects its 400 km pipeline connecting the Kochi LNG terminal in the south to industries further north to be ready in two years, managing director Prabhat Singh told Reuters.
The Kochi terminal, which will supply LNG to the western state of Karnataka, will run at 40 percent capacity by 2019, Singh said on Wednesday, on the sidelines of the Vibrant Gujarat investment summit.
The terminal will make an expected loss of 3.5 billion rupees ($51.22 million) in the current fiscal year, but it will swing to a profit of 2 billion rupees in the fiscal year to March 2019, he added. (Reuters) / Yahoonews.com
Read Also : IREDA approves borrowing program of Rs 24,200 cr for FY25
News Must Read
- Shri. Bikram Ghosh takes charge as Director (Finance) in WCL
- SBI to change debit cards maintenance normal from 1 April, 2024
- NMDC excels at Governance Now 10th PSU Awards
- NTPC Group ties up JPY 30 billion funding from JBIC
- Jabalpur Airport connects Madhya Pradesh to other cities
- Best Organisations for Women title to PowerGrid
- Air India Faces Heavy Fine from DGCA of Rs 80 Lakh
- NCL's mega achievement; surpasses 500 Million Cubic Meters of Overburden
- RailTel bags major order from CDAC worth Rs 36 crore
- ICRA withdraws long term rating of NCDs of ONGC