DFPCL, Petronet LNG Sign ₹1,200 Cr Deal for 5-Year Supply
In a significant development for the Indian energy sector, Deepak Fertilizers & Petrochemicals Corp Ltd (DFPCL) has signed a 5-year agreement with Petronet LNG Ltd (PLL) for the regasification of approximately 25 TBTUs (Therms But isothermal) of Liquefied Natural Gas (LNG) annually. The deal, worth ₹1,200 crore, will ensure a steady supply of LNG to DFPCL’s Taloja facility, bolstering its long-term energy security.
Under the agreement, PLL will provide LNG to DFPCL’s Taloja facility, which is primarily located in the state of Maharashtra. The LNG will be regasified at the Dahej terminal, which is one of the largest LNG terminals in India. The deal also includes a 20% additional outlay provision, allowing DFPCL to adjust its LNG requirements as per its changing needs.
The agreement is a significant milestone for both DFPCL and PLL, as it will enable DFPCL to meet its growing energy demands while also providing a stable and reliable supply of LNG to the Indian market. The deal is expected to have a positive impact on the Indian energy sector, as it will help to reduce the country’s dependence on imported oil and promote the use of cleaner and more efficient energy sources.
For DFPCL, the agreement is a major strategic move that will enable the company to strengthen its long-term energy security. The company has been focusing on reducing its dependence on imported oil and increasing its use of cleaner energy sources. The agreement with PLL is a significant step towards achieving this goal, as it will provide DFPCL with a stable and reliable supply of LNG.
For PLL, the agreement is a significant business opportunity that will help the company to expand its presence in the Indian energy market. The company has been actively involved in the development of India’s LNG market, and the agreement with DFPCL is a major step towards achieving this goal. The deal will also help PLL to increase its regasification capacity, which will enable the company to meet the growing demand for LNG in India.
The agreement is also expected to have a positive impact on the Indian economy, as it will help to reduce the country’s dependence on imported oil and promote the use of cleaner and more efficient energy sources. The deal is expected to create jobs and stimulate economic growth, making it a significant development for the Indian energy sector.
The agreement between DFPCL and PLL is a significant development for the Indian energy sector, as it will enable the company to strengthen its long-term energy security and promote the use of cleaner and more efficient energy sources. The deal is a major step towards achieving India’s goal of reducing its dependence on imported oil and promoting the use of cleaner energy sources.
In conclusion, the agreement between DFPCL and PLL is a significant development for the Indian energy sector, as it will enable the company to strengthen its long-term energy security and promote the use of cleaner and more efficient energy sources. The deal is a major step towards achieving India’s goal of reducing its dependence on imported oil and promoting the use of cleaner energy sources.
