Petronet LNG secures Rs 12,000 crore loan for petrochem project

Petronet LNG has secured a significant ₹12,000 crore loan. State Bank of India and Bank of Baroda are providing the funds. This financing will primarily support Petronet’s petrochemicals project. It will also cover other capital expenditure needs. The agreement follows a competitive bidding process. Petronet is India’s largest LNG importer. It operates regasification terminals in Dahej and Kochi.