Petronet LNG, India's largest importer of liquefied natural gas, is reportedly seeking a substantial local loan of at least Rs 120 billion (approximately $1.4 billion) to finance two major expansion projects. 

This marks one of the company's largest fundraising exercises to date and could potentially be one of the biggest local currency loans in India this year.

A new petrochemical complex in Dahej, Gujarat estimated to cost Rs 206.85 billion, represents a strategic move by Petronet to diversify its revenue streams beyond its core LNG business. 

The complex is expected to utilize cold energy from LNG terminals for refrigeration, a pioneering initiative in India aimed at optimizing operational costs.