Petronet to set up terminal in Andhra Pradesh
Petronet LNG will set up a Rs 4,500-crore terminal at Gangavaram in Andhra Pradesh with a capacity of five million tonne. A French company, TractaBel, has been appointed consultant to undertake the study for the third Greenfield terminal. Dahej in Gujarat and Kochi terminal in Kerala are two other Greenfield terminals of the company. The Kochi Re-gasification terminal will be ready by July and will become operational by October. The company’s board has decided to increase the capacity of its Dahej terminal by additional 5 MTPA beyond its present capacity of 10 MTPA. This capacity addition will ensure that an additional jetty, expected to be commissioned by September 2013, is optimally utilised. Also, the company’s turnover, during the quarter ended 31 December 2011 has risen to Rs 6,330.26 crore, an increase of 75 per cent over the corresponding quarter last year.
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