Aegis Vopak Terminals Ltd approved the issuance of Non-Convertible Debentures (NCDs) worth ₹10.30 billion via private placement to fuel expansion. This follows a board meeting today, building on prior fundraising and strong Q2 results amid robust demand for storage infrastructure.
Aegis Vopak Terminals Ltd, India's leading third-party liquid and gas storage provider, has approved a major fundraising initiative through NCDs totaling ₹10.30 billion on a private placement basis. The decision came from today's board meeting, aimed at supporting ambitious capex plans including new LPG and ammonia terminals at key ports like Pipavav, Mangalore, and JNPA.
This move aligns with the company's growth trajectory, following a recent ₹660 crore NCD allotment in November with 6.92% quarterly interest over three years. Strong Q2 FY26 performance—revenue up 26% to ₹187.63 crore, PAT surging 142% to ₹53.94 crore—underscores operational strength from commissioned facilities and ₹1,675 crore JNPA expansion. The funds will drive USD 1.2 billion capex by FY27, positioning Aegis Vopak for long-term dominance in energy storage.
Chairman Raj K. Chandaria highlighted the NCDs' role in capitalizing on rising demand. Investors note the secured nature, backed by assets and cash flows, with listing planned on NSE.
Key Highlights:
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NCD issuance: ₹10.30 billion via private placement, approved December 4, 2025.
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Builds on November's ₹660 crore NCDs (6.92% p.a., 3-year tenure).
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Funds expansion: LPG terminals at Pipavav/Mangalore, ammonia at Pipavav, JNPA project.
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Q2 strength: Revenue +26%, EBITDA +26%, PAT +142% YoY.
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Capex targets: USD 1.2B by FY27, USD 5B by 2030.
Sources: Business Standard, ScanX, Investywise, India Ratings