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Positron Energy Limited has shared its business update for the quarter ended December 31, 2024. The company reported a revenue growth to Rs. 159 Crores for 9MFY25, up from Rs. 134 Crores in FY24, indicating a robust performance trajectory. PEL has secured additional gas volumes, targeting an increase of 3,000 to 5,000 MMBTU per day in FY25, leveraging recent regulatory amendments that have enhanced demand opportunities.
Noteworthy achievements include winning a tender to supply 16,60,600 MMBTU of natural gas to Gujarat State Petroleum Corporation Ltd and securing a Master Agreement with HPCL LNG Limited for regasification services. PEL also received contracts for Last Mile Connectivity projects at a cumulative value of Rs. 2.5 Crores.
The management's strategy focuses on maximizing IPO proceeds for business growth while reaffirming a commitment to core strengths. As the country anticipates a 7% increase in natural gas consumption, investors should watch for PEL's proactive measures and growth initiatives, which may position it favorably in the evolving energy market.