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Petronet LNG inks secured term loan facility of ₹12,000 crore
BusinessLine· 2025-12-10 15:53
Core Viewpoint - State-run Petronet LNG (PLL) has secured a ₹12,000 crore secured rupee term loan (RTL) facility from a consortium of banks to finance its Petrochemicals Project and other capital expenditures [1][2]. Group 1: Loan Facility Details - The consortium includes State Bank of India and Bank of Baroda, each providing a sanctioned limit of ₹6,000 crore [2]. - The RTL facility was finalized through a competitive bidding process, reflecting strong confidence in PLL's projects and financial profile [4]. - The terms of the secured loan are better than initial financing assumptions, enhancing project viability and supporting PLL's strategic objectives [6]. Group 2: Project and Capacity Expansion - PLL is establishing a PDH unit with a capacity of 750,000 tonnes per annum and a PP unit of 500,000 tonnes per year at Dahej, Gujarat [3]. - PLL controls 43% of India's LNG re-gasification capacity and manages about two-thirds of the country's LNG imports, with a total regasification capacity of 22.5 million tonnes per annum [7]. - The company is augmenting the Dahej terminal capacity from 17.5 mtpa to 22.5 mtpa, expected to be commissioned shortly [7]. - PLL is also developing a greenfield LNG regasification terminal with a capacity of 5 mtpa at Gopalpur, Odisha [8].