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Petronet LNG's growth strategy

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Petronet LNG's growth strategy

Petronet LNG, which accounts for over a quarter of the country¿s liquefied natural gas (LNG) imports, saw its sales jump over 28 per cent last year (2008-09) to cross the Rs 8,000 crore mark on the back of forex gains. Net profit for the year was up just 9.43 per cent at Rs 518 crore. The company also declared a dividend of Rs 1.75 per share. Petronet expects to double its sales this year as new capacity comes online, P Dasgupta, Petronet¿s managing director and CEO, tells Ajay Modi, dismissing the technical problems being faced in the expansion as ¿hiccups.¿

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