The new facilities, moderate fuel rates and adequate offtake agreements at Dahej are improving the earnings outlook, leading to earnings upgrades. Petronet LNG Ltd’s robust performance in the September quarter (Q2) triggered widespread earnings upgrades. The upgrades are driven by capacity additions at Petronet LNG’s Dahej terminal. The new facilities, moderate fuel rates and adequate offtake agreements at Dahej are improving the earnings outlook, leading to earnings upgrades. Improvement in Kochi terminal volumes will further strengthen Petronet LNG’s return ratios.

Source: Mint November 20, 2016 21:50 UTC