Varun Shipping has acquired a Very Large Crude Carrier (VLCC), which is claimed to be India's largest LPG carrier. With this acquisition, Varun Shipping now owns nearly 80 per cent of the total LPG tonnage at present operating under Indian flag. The acquisition was financed partly out of the company's own resources and partly out of a long-term loan from ICICI Bank.
(Source: Business Line)
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