Aegis Vopak Terminals’ board has approved raising up to ₹660 crore via a private placement of Non-Convertible Debentures (NCDs), offering a 3-year tenure at a 6.92% annual coupon. Funds aim to bolster expansion and liquidity. Recent earnings show strong momentum, underpinning confidence in further capital-driven growth.
Aegis Vopak Terminals Limited has announced board approval to raise ₹660 crore through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. Each NCD carries a face value of ₹1,00,000 and promises a 6.92% annual interest, payable quarterly, with a bullet repayment feature at maturity after three years. The debentures will be secured by tangible assets at Mangalore Port and company cash flows, and are proposed to be listed on NSE for trading liquidity.
The move comes amid strong quarterly performance, with Q2 FY26 revenues surging 25.8% year-over-year to ₹189.08 crore and profit after tax leaping 141.8% to ₹53.94 crore. The company continues expanding operations with new LPG terminals and ongoing investments at JNPA, underlining robust growth prospects and a strategic approach to capital management.
Key Highlights
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₹660 crore NCD fundraise approved by board (face value: ₹1 lakh per NCD).
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3-year tenure with 6.92% annual coupon, quarterly payouts.
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Bullet repayment at maturity; secured by Mangalore Port assets.
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Listing proposed on NSE for enhanced liquidity.
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Q2 FY26 revenue up 25.8% to ₹189.08 crore; PAT up 141.8% to ₹53.94 crore.
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New LPG terminals operational; JNPA expansion underway.
Sources: BSE India, Moneycontrol, Investywise, Scanx Trade, Kotak Securities