Petronet LNG Draws Rs 40,000 Crore Investment Plan To Treble Profit By 2028

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Petronet LNG Draws Rs 40,000 Crore Investment Plan To Treble Profit By 2028

Petronet LNG Ltd., the operator of the world's largest liquefied natural gas import terminal, will invest Rs 40,000 crore in expanding import capacity and petrochemicals with a target to treble net profit by 2028, its CEO AK Singh said.Petronet is making a foray into the petrochemical business by investing Rs 12,685 crore in a propane dehydrogenation plant that will convert imported feedstock into propylene, as well as setting up an LNG import f…