Petronet LNG shares gain 5% after capacity expansion of Dahej terminal commissioned

Shares of Petronet LNG Ltd. gained 5% on Wednesday, April 1, after the company said the expansion of the Dahej LNG terminal from 17.5 MMTPA to 22.5 MMTPA has been commissioned.

The company, in an exchange filing, said the same was commissioned from 11.30 PM on March 31, 2026.

Petronet LNG shares have witnessed a recovery in the past week as it gained for four out of the last five trading sessions, after it had declined over 18.4% over three consecutive trading sessions.



Petronet LNG was the most impacted by issues plaguing the Qatar Energy as it had declared a Force Majeure due to the attacks on its Ras Laffan industrial complex during the Iran war, which hurt nearly 17% of its overall export capacity.

Post the attack, QatarEnergy said the damaged infrastructure would take at least three to five years to repair and this would force it to declare a Force Majeure on long-term contracts for countries such as China and Italy. India was not mentioned on that list.

Last month, brokerage firm Nomura also cut its target price on the stock to ₹340 from ₹370, while it maintained its 'buy' rating on the stock. It said the war in West Asia would impact near-term volumes.

Shares of Petronet LNG are trading 5.2% higher on Wednesday at 261.17. The stock is down 10% so far in 2026.

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