PETRONET2021-04-012021-06-30in-bse-fin:OneOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares PETRONET 2021-04-01 2022-03-31 2021-08-02 INR Lakhs First quarter Single segment Natural Gas Business 2021-04-01 2021-06-30 Unaudited Standalone 85979000000.00 685300000.00 86664300000.00 73395500000.00 0.00 0.00 428900000.00 800300000.00 1916100000.00 1611800000.00 78152600000.00 8511700000.00 0.00 8511700000.00 2320000000.00 -165000000.00 2155000000.00 0.00 6356700000.00 0.00 0.00 0.00 0.00 6356700000.00 0.00 6356700000.00 0.00 0.00 15000000000.00 10 4.24 4.24 0.00 0.00 4.24 4.24 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at the meeting held on 13th August, 2021 The Statutory auditors of the Company have carried out limited review of the aforesaid results. 2. The Company primarily operates in the business of import and processing of liquified natural gas. Accordingly, there is only one Reportable Segment i.e. Natural Gas Business , hence no specific disclosure has been made w.r.t. operating segments. 3. In view of expected increase in capacity utilisation at Kochi terminal, the customers of the Company are asking for lower regasification tariff for Kochi Terminal w.e. f. 1st April,2019. The Company is in discussion with its customers for volumes tied up with respect to the said terminal and pending the finalisation of tariff the Company has recognised revenue on the basis of offered regasification tariff. The impact of the same, if any, including the possible impact on impairment of Kochi Plant, cannot be determined at this stage. 4. The Company has invoiced Rs. 19844 Lacs (excluding GST) as Use or Pay charges to its 3 customers, over a period of 4 years, for under utilisation of committed regasification facility at Dahej Plant, as per the terms of long- term regasification agreement and booked the same as income in respective years. Till 30th June 2021, total amount of Rs. 14392 Lacs ( excluding GST) has been withheld and Rs. 5452 Lac (excluding GST) has been paid under protest. The Company is in discussion with respective customers for resolution of the issue. The company is confident that issue will be resolved in due course and no material adjustment is expected on settlement. 5. The operations of the Company were not materially interrupted during the lockdown due to outbreak of COVID- 19, as natural gas is declared as one of the essential commodities by the Government of India. The Company has evaluated the possible effects on the carrying amounts of property, plant and equipment, inventory, loans, receivables and debt covenants basis the internal and external sources of information and determined, exercising reasonable estimates and judgements, that the carrying amounts of these assets are recoverable. Considering the above, and the Company's healthy liquidity position, there is no uncertainty in the going concern of the Company and the Company will be able to meet its financial obligations over the foreseeable future. 6. Previous year/period figures have been regrouped and rearranged to make them comparable with current period figures. Other expenses 1611800000.00