aegis vopak terminals subsidiary Konkan Storage Systems (Kochi) Private Limited (KCPL) has signed a framework agreement worth ₹37.17 crore with Sea Lord Containers Limited (SCL) to expand its liquid storage infrastructure. Executed on August 06, 2026, the deal involves the construction of storage tanks with an aggregate capacity of 49,577 cbm, alongside critical ancillary facilities including truck loading bays for petroleum products, a tanker loading gantry, and carbon steel pipeline installation. This expansion enhances the operational throughput capabilities of the company’s Kochi terminal.

The transaction is classified as a related-party transaction under SEBI regulations, as SCL is part of the promoter group of Aegis Vopak Terminals Limited. KCPL is a wholly owned subsidiary of the listed entity. The company disclosed that the agreement was executed on an arm's length basis, ensuring fair valuation and standard commercial terms. There is no shareholding interest held by either party in the other entity involved in this specific transaction structure.

Agreement Details

The financial commitment of ₹37.17 crore (Indian Rupees Thirty-seven Crore Seventeen lakhs only) is payable upon the execution of the framework agreement. Beyond the specific payment terms and scope of work, the agreement includes standard covenants typical for such infrastructure projects. No special rights, such as director appointments or pre-emptive share subscription rights, were granted to SCL under this arrangement.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The filing was submitted to both the National Stock Exchange of India Limited and BSE Limited on August 06, 2026, by Priyanka Vaidya, Company Secretary and Compliance Officer of Aegis Vopak Terminals Limited.

What the Numbers Show

The engagement of a promoter group entity for capital expenditure highlights the reliance on internal ecosystem partners for infrastructure development. With no external bidding process mentioned, the arm's length declaration is the primary compliance safeguard. The immediate payment obligation upon execution suggests a high level of trust and established working relationships between the subsidiary and the contractor, potentially accelerating project timelines compared to third-party negotiations.

Aegis Vopak Terminals has executed a framework agreement with its promoter, Aegis Logistics Limited (ALL), to expand its storage infrastructure at the Jawaharlal Nehru Port Authority (JNPA) terminal. The agreement, signed on August 06, 2026, carries a value of ₹142.5 crore and marks a significant capacity addition for the company’s propane storage facilities. This investment underscores the firm's commitment to scaling up its logistics capabilities in a key port zone.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The transaction is classified as a related party transaction but has been conducted on an arm’s length basis. Aegis Logistics Limited is identified as one of the promoter companies of Aegis Vopak Terminals Limited.

Project Scope and Specifications

The primary objective of the framework agreement is the construction and development of additional storage infrastructure. Aegis Logistics Limited will be engaged to build a refrigerated double steel wall, full containment, insulated storage tank with a suspended deck. The facility is designed specifically for propane storage and will have a capacity of 51,998 MT. The project also includes allied facilities at the existing terminal located in the JNPA tank farm area.

Financial Terms and Future Steps

Under the significant terms of the framework agreement, Aegis Vopak Terminals will pay the sum of ₹142.5 crore to Aegis Logistics Limited upon execution of the framework agreement. This payment structure indicates an upfront commitment to the project's initiation. Upon completion of the construction and development project, the company will execute a separate Asset Transfer Agreement with ALL to formalize the ownership of the newly built assets.

The agreement does not involve any issuance of shares or loan arrangements between the parties. There are no special rights granted to the counterparty, such as the right to appoint directors or restrict changes in capital structure. The company confirmed that there are no potential conflicts of interest arising out of this agreement beyond the standard related party disclosures required by regulatory frameworks.