Petronet LNG Profit Rises 52% and Dividend Declared
Petronet LNG reported a 52.3% rise in net profit in its latest results. The company also declared a dividend of ₹7 per equity share. It is also in talks to take up LNG cargoes that were undelivered earlier.
Context
Context: Petronet LNG is one of India's biggest importers of liquefied natural gas, which is used for cooking gas, power and fertiliser plants. Its cargo deliveries depend on global LNG supply and shipping schedules.
Burning Potato score: 56%