Petronet LNG shares gained 5% on Wednesday, April 1, 2026, following the commissioning of a significant capacity expansion at its Dahej LNG terminal. According to reports from CNBC TV18, the company announced that the expansion of the Dahej LNG terminal from 17.5 MMTPA to 22.5 MMTPA has been successfully commissioned from 11:30 PM on March 31, 2026. This expansion represents a 4.2 MMTPA increase in the terminal's processing capacity.
As reported by CNBC TV18, Petronet LNG shares have witnessed a recovery in the past week, gaining for four out of the last five trading sessions. The stock had previously declined over 18.4% over three consecutive trading sessions before this recent upturn. Shares are trading 5.2% higher on Wednesday at ₹261.17, though the stock remains down 10% so far in 2026.
According to CNBC TV18, Petronet LNG was the most impacted by issues plaguing the Qatar Energy as it had declared a Force Majeure due to attacks on its Ras Laffan industrial complex during the Iran war. The attacks hurt nearly 17% of its overall export capacity, with QatarEnergy stating that damaged infrastructure would take at least three to five years to repair. While India was not mentioned on the list of countries affected by long-term contract disruptions, the war in West Asia continues to impact near-term volumes.
As reported by CNBC TV18, brokerage firm Nomura cut its target price on the stock to ₹340 from ₹370 while maintaining its 'buy' rating. The firm cited the war in West Asia as a factor that would impact near-term volumes. The company's shares have faced pressure from geopolitical tensions affecting global LNG supply chains, though the recent capacity expansion at Dahej terminal provides operational flexibility.
