Petronet LNG Signs ₹12,000-Cr Rupee Term Loan Agreement for Petrochemicals Project
New Delhi, 10 December 2025: Petronet LNG Limited (PLL) has executed a major loan agreement to secure ₹12,000 crore in Rupee Term Loan (RTL) financing for its upcoming Petrochemicals Project and other capital expenditure requirements. The intimation has been made under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
As per the company’s disclosure to BSE and NSE, the funding has been tied up through a consortium led by the State Bank of India (SBI), along with Bank of Baroda (BoB). Each bank will extend ₹6,000 crore, amounting to an aggregate loan value of ₹12,000 crore. The agreement was formally executed on 10 December 2025.
The secured RTL facility will primarily support the development of Petronet LNG’s large-scale Petrochemicals Project, which includes a 750 KTPA Propane Dehydrogenation (PDH) unit and a 500 KTPA Polypropylene (PP) plant. The project also encompasses associated propane and ethane handling systems at Dahej, Gujarat, along with additional capital expenditure initiatives.
According to the company, the loan is backed by a structured security package, including a first pari-passu charge on movable and immovable assets related to the PDH-PP project, as well as a second pari-passu charge on the company’s existing movable fixed assets, which will be released upon commissioning of the project.
The company also confirmed that there is currently no outstanding amount against this newly executed borrowal. Further details were provided in the annexure accompanying the regulatory filing.
The disclosure was signed by Rajan Kapur, GGM & President – Company Secretary, Petronet LNG Limited.
| Sl. No. | Particulars | Details |
|---|---|---|
| 1 | Borrower | Petronet LNG Limited |
| 2 | Lenders | Consortium of SBI (Lead Bank) and Bank of Baroda |
| 3 | Nature of Loan | Secured Rupee Term Loan |
| 4 | Loan Amount | ₹6,000 crore each from SBI & BoB (Total: ₹12,000 crore) |
| 5 | Outstanding Amount | Nil |
| 6 | Date of Execution | 10 December 2025 |
| 7 | Security | First pari-passu charge on project assets; First pari-passu mortgage on immovable project assets; Second pari-passu charge on existing movable fixed assets (to be released after project commissioning); Shared pari-passu among lenders and bondholders |