BW LPG India is excited to announce a significant funding milestone, having raised 150,000,000 to further bolster our journey as the largest LPG shipping company in India. Since our establishment in 2017 as a joint venture between BW LPG Limited and Global United Shipping India Private Limited, our mission has been to own and operate world-class gas vessels dedicated to transporting LPG safely and efficiently within Indian waters. This new investment is a testament to the confidence our investors have in our business model, robust growth trajectory, and the vision we share for a more sustainable energy future.
From a modest beginning with just two vessels, we have rapidly expanded our fleet to eight state-of-the-art, India-flagged gas carriers by 2022, underpinned by the strong market demand for reliable LPG transportation. Our operations are technically managed by Synergy Group, while both commercial and operational management are jointly handled by Synergy Group and BW LPG. This collaborative leadership has been instrumental in ensuring operational excellence, safety, and high standards that have earned us a leadership position in the industry.
The funds raised will be strategically deployed to further expand our fleet and upgrade our technological capabilities to improve operational efficiency, safety standards, and environmental performance. We are also poised to invest in innovation that enhances vessel performance, optimizes fuel consumption, and reduces our carbon footprint. This is an exciting chapter in our company鈥檚 evolution, and we are confident that the fresh capital will propel us into a new era of growth and sustainability, reinforcing our commitment to providing superior LPG transportation solutions across the Indian subcontinent.
