Petronet LNG Limited — Important, 25-07-2025: Disclosure of material issue

Petronet LNG's board has given in-principle approval for a significant upgrade to its planned East Coast LNG terminal at Gopalpur, Odisha. The project is shifting from a 4 MMTPA floating unit to a larger, more permanent 5 MMTPA land-based terminal.

This strategic move involves an additional investment of Rs 4,048.80 Cr, bringing the overall project value to Rs 6,354.80 Cr. This is PLL's first greenfield terminal on the East coast, enhancing its market presence and long-term strategic positioning. Expect completion in approx. 3 years, funded by debt and equity.

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