Aegis Logistics Limited is set to receive ₹5.03 billion from associate company Aegis Vopak Terminals Limited (AVTL). The companies have executed a framework agreement for a greenfield terminal at Jawaharlal Nehru Port, marking a significant expansion in India’s liquid and LPG terminal infrastructure.
Aegis Logistics Limited is poised for substantial growth as it secures ₹5.03 billion from its associate, Aegis Vopak Terminals Limited (AVTL), underlining a strong financial and strategic collaboration. This transaction is a critical milestone in Aegis’s ongoing plans to enhance its terminal operations.
Key highlights:
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Aegis Logistics and AVTL executed a framework agreement for developing a new greenfield terminal at the Jawaharlal Nehru Port, Mumbai, targeting liquid and LPG storage.
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The ₹5.03 billion receipt signifies Aegis’s stake sale and capital inflow associated with expanding infrastructure capabilities.
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AVTL, a joint venture between Aegis Logistics and Royal Vopak, brings global expertise to India’s liquid storage sector, aiming to capitalize on rising demand.
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The greenfield terminal project will boost Aegis’s portfolio and operational footprint at one of India’s busiest ports.
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This agreement is part of a broader industry trend of consolidations and partnerships to enhance supply chain efficiency and capacity.
This move emphasizes Aegis Logistics’ strategy to strengthen its leadership in liquid and LPG terminal operations through strategic investments and partnerships.
Sources: Reuters, Business Standard, LinkedIn, Aegis Logistics Annual Report