What does PLNG mean in COMPANIES & FIRMS
Petronet LNG Ltd. or PLL is a joint venture between GAIL India Limited, Indian Oil Corporation Limited and Bharat Petroleum Corporation Limited. It is India's largest importer of liquefied natural gas (LNG) and one of the fastest growing companies in the energy sector. PLL undertakes all stages of LNG projects including procurement, transportation, storage, re-gasification and distribution of LNG to various customers across India. Its operations include three terminals that are located at Dahej in Gujarat, Kochi in Kerala and Gangavaram in Andhra Pradesh.
PLNG meaning in Companies & Firms in Business
PLNG mostly used in an acronym Companies & Firms in Category Business that means Petronet LNG Ltd
Shorthand: PLNG,
Full Form: Petronet LNG Ltd
For more information of "Petronet LNG Ltd", see the section below.
Explaining PLNG
PLL is one of the most significant players in the Indian gas sector as well as a pioneer in LNG technology and logistics. Through its activities and services, it promotes clean energy solutions by providing access to reliable sources of LNG such as Qatar Gas, Shell etc. Additionally, it has been investing heavily into new storage capacities for further expansion of the industry in India. The company's goal is to become one of Asia's premier gas-based energy companies by 2020 and thus help India reduce its dependence on fossil fuels by introducing cleaner fuel options like natural gas into the market.
Essential Questions and Answers on Petronet LNG Ltd in "BUSINESS»FIRMS"
What is Petronet LNG?
Petronet LNG is one of India's leading natural gas infrastructure companies. It owns and operates the country's first and largest liquefied natural gas (LNG) import terminal located at Dahej in the western state of Gujarat. The company also owns, operates, maintains and markets natural gas pipeline networks to transport natural gas from the source to the end user or customer.
What services does Petronet LNG provide?
Petronet LNG provides a range of services related to the transportation, storage and regasification of liquefied natural gas (LNG). These include engineering, procurement and construction (EPC) services for setting up large scale LNG-based power plants; handling, storage and distribution of compressed natural gas (CNG); trading in commodities such as liquefied petroleum gas (LPG) and petrochemical products; designing, constructing and operating cryogenic storage tanks; providing skilled personnel for commissioning and operation of related facilities; offering freight forwarding services; etc.
Who are the main stakeholders in Petronet LNG?
The stakeholders in Petronet LNG are its shareholders who own equity shares in the company, its customers who purchase products from it, its financial institutions that lend money to it for capital investments and working capital requirements, its vendors who supply materials required by it, its employees who work for it as well as government agencies which regulate/monitor it.
Does Petronet LNG have any subsidiaries?
Yes. Petronet LNG has two subsidiaries — Nirvana Gas Pvt Ltd., a Chennai based renewable energy development firm focusing on biogas based power plants; IMC Renewables Pvt Ltd., which designs turnkey solutions for wind energy projects.
What are the financials of Petronet LNG like?
As per available records, during FY20-21(April 2020 - March 2021), Petronet reported revenues of Rs 27689 crores with a net profit of Rs 582 crores. There was also an increase in paid-up capital from Rs 889 crores to Rs 1408 crores during the same period.
Is there any publicly available data regarding Petronet's operations?
Yes. Data related to various operational aspects such as production volumes & capacities across key locations like Dahej terminal & Cochin terminal can be accessed through their official website www.petronetlngltd.com under Investor Relations section.
Does Petronet have any presence outside India?
No. At present Petronet only has operations within India.
How do I get more information about current job opportunities at Petronet?
You can visit their careers page at http://careers.petronetlngltd.com for latest openings.
Final Words:
Petronet LNG Ltd., or PLNG for short, is a leading player in the Indian gas industry which provides a reliable source of clean energy alternatives for consumers across the country. By focusing on increasing storage capacity along with investments from leading international players such as Qatar Gas and Shell, PLL has set itself up to become one of Asia's premier gas-based energy companies within the next few years.