Petronet LNG secures Rs 12,000 crore loan for petrochem project
Petronet LNG has secured Rs 12,000 crore in financing to support its upcoming petrochemicals complex, a move that will broaden the company’s presence beyond LNG regasification into value-added downstream products.
The project is aimed at capturing stronger margins from chemicals, diversifying earnings and meeting India’s rising petrochemical demand over the next decade.
The infusion gives Petronet a clearer path to financial closure and project execution, which has been a long-standing strategic priority.
The company expects the project to reduce feedstock volatility and enhance long-term integration. Analysts say this could become one of Petronet’s most significant value drivers once operational.