BW LPG Q1 FY25
Old news ,
Disc : Holding since the JV announced
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I never researched what was core business of BW LPG. Interesting that GB went with BW LPG as partner, who did not have any LPG infra experience or interests earlier. Just LPG trading and shipping experience. Maybe Gb thought this might negate any possibility of the partner being a threat, and will assist in LPG sourcing and shipping till JNPA. After that GB LPG terminal takes over for final LPG storage & confidence petroleum for distribution. 3 partners for 3 legs, wishful thinking it turned out to be stool, one gone all fell down.
Aegis on other hand ties up with Vopak (logn history of building terminals) for the capex heavy terminal setup part. But it retains the higher EBITDA last leg distribution business. Also sourcing and trading JV with Itochu is retained.
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One more interesting update from the company. Somehow it does not seem to end.
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No end to the soap opera, plus a mystery the stock jumps up today !!
Nice graphic summary, does this channel give similar views on all concalls ?
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Company has clarified that the “The JNPT land parcel remains a key
strategic asset. The Company has initiated construction of additional storage tanks to increase capacity by approx. 1,00,000 KL and plans to utilise the remaining land for ammonia and chemical storage, with a portion reserved for
future expansion of LPG, ammonia or liquid cargo facilities.”
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