BW LPG Terminates $10M Investment in India
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The company had entered into a $10 million strategic investment with Confidence Petroleum India Ltd to develop a cryogenic LPG storage facility at JNPA. However, with the energy sector under immense pressure amid a slowing global economy, it has decided to cease its investment and discontinue its involvement. Even as BW LPG Limited discontinues the strategic investment, it insists that India remains a vital market and will continue to support its energy transition through other initiatives.
BW LPG has etched its name as a leading owner and operator of LPG vessels. It owns and operates a fleet of more than 50 huge gas carriers. With five decades of experience, the company is focusing on LPG shipping in an area where it generates significant value. The company delivered solid first-quarter 2025 results with a net profit after tax of $67 million.
It also affirmed its commitment to returning value with a $0.28 dividend representing a 75% payout. BW LPG also repurchased 316,437 shares, affirming confidence in the company's long-term value.
While we acknowledge the potential of BW LPG Limited (NYSE:BWLP) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BWLP and that has 100x upside potential, check out our report about the cheapest AI stock.
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