J M Baxi Group Enters LPG Shipping With VLGC Purchase

06 Aug 2026 CW Team

J M Baxi Group has entered the liquefied petroleum gas shipping sector with the acquisition of a Very Large Gas Carrier (VLGC) for USD 87.3 mn. The purchase marks the group's first foray into dedicated LPG vessel ownership and expands its activities in maritime logistics. The transaction completes the procurement of a single VLGC that will be registered under the group's shipping arm.

The group said the acquisition aligns with its strategy to broaden energy logistics services and to integrate upstream and downstream supply chain elements. The vessel purchase was described as a strategic investment to support the carriage of pressurised LPG cargoes on international trade routes. Company representatives indicated the move will complement existing port and terminal services operated by the group.

Very Large Gas Carrier is a vessel class designed for long-haul transport of liquefied gases and is commonly employed on major export lanes. The group noted that owning a VLGC will provide greater control over scheduling and cargo capacity management and will allow optimisation of chartering arrangements. The asset will be deployed in global LPG trades.

Industry analysts said the step signals increasing integration among Indian commodity logistics players, while the group framed the purchase as part of a broader plan to enhance its maritime asset base. The addition of the VLGC is intended to support commercial opportunities arising from growing LPG demand across key consuming regions.

The group will report the acquisition in its next corporate filing and will disclose financing details at that time. The move positions J M Baxi to participate directly in seaborne LPG movements and to offer bundled logistics solutions to customers across the energy value chain.

Infrastructure Transport

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..