BW LPG Limited withdraws $10M investment in India, focusing on core value drivers

From Yahoo Finance: 2025-05-21 12:02:00

BW LPG Limited withdraws from a $10 million investment in an LPG terminal project in India to focus on core value drivers amidst market uncertainties. The company remains committed to supporting India’s energy transition through other initiatives despite discontinuing this strategic investment.

Despite ceasing the investment, BW LPG Limited affirms India’s importance as a market and its commitment to value generation through LPG shipping. The company reported solid first-quarter results with a net profit after tax of $67 million and a $0.28 dividend representing a 75% payout.

BW LPG Limited, a prominent owner and operator of LPG vessels, emphasizes its focus on LPG shipping and value generation. With over 50 gas carriers in its fleet and five decades of experience, the company remains dedicated to delivering value to its shareholders through dividends and share repurchases.

Read more: BW LPG Terminates $10M Investment in India