Core Viewpoint - Petronet LNG Ltd has secured a ₹12,000-crore term loan from a consortium of banks to finance its petrochemicals project, following a competitive bidding process [2]. Group 1: Financial Details - The loan is provided by a consortium comprising State Bank of India and Bank of Baroda, with each bank sanctioning ₹6,000 crore [2]. - The financing will also support other capital expenditure requirements beyond the petrochemicals project [2]. Group 2: Company Overview - Petronet LNG Ltd is India's largest liquefied natural gas (LNG) importer and is a joint venture involving GAIL, Indian Oil, and Bharat Petroleum Corporation, each holding a 12.5% stake [2]. - The company operates LNG regasification terminals located in Dahej, Gujarat, and Kochi, Kerala, with a total regasification capacity of 22.5 million metric tonnes per annum [2].
Petronet LNG secures Rs 12,000 crore loan for petrochem project
The Economic Times·2025-12-10 18:49