Terminal Takeover—Aegis-Vopak JV Gains Firepower with Mangalore LPG Addition

In a major infrastructure reshuffle, Aegis Logistics Ltd has announced the transfer of its 82,000 MT cryogenic LPG terminal at New Mangalore Port to its joint venture entity, Aegis Vopak Terminals Ltd (AVTL), for a total consideration of ₹671.3 crore (₹4.28 billion). The move is part of a broader strategy to consolidate LPG assets under the AVTL platform, enhancing operational efficiency and capital deployment.

 

Transaction Snapshot

Strategic Rationale

Management Insight

“This asset realignment strengthens AVTL’s portfolio and enables more focused capital investment for future expansion,” said a company spokesperson.

 

Market Reaction

Shares of Aegis Logistics traded marginally lower at ₹800.25 following the announcement, reflecting investor caution amid the strategic shift.

 

Sources: Business Standard, HDFC Sky, MoneyWorks4Me, Aegis Vopak, Aegis Logistics