Aegis Vopak Terminals Accelerates Expansion with ₹1,675 Crore JNPA Project, Eyes ₹10,000 Crore Capex by FY27
Aegis Vopak Terminals is undertaking a significant expansion with a ₹1,675 crore project at Jawaharlal Nehru Port Authority, including new liquid and LPG terminals. The company is also expanding with LPG terminals in Pipavav and Mangalore, and constructing India's first independent ammonia terminal. Aegis Vopak aims for a capital expenditure of $1.2 billion by FY27 and $5 billion by 2030. Q2 results show strong growth with revenue up 26% year-on-year. The company acquired a 75% stake in Hindustan Aegis LPG Ltd, increasing its total LPG capacity to 225,800 MT.

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Aegis Vopak Terminals , a leading player in India's liquid and gas storage infrastructure sector, is embarking on an ambitious expansion drive, with plans to significantly boost its capacity and reach across the country.
Major Expansion Plans
The company has announced a substantial ₹1,675 crore project at Jawaharlal Nehru Port Authority (JNPA), marking a significant step in its growth strategy. This expansion includes:
- A new 318,100 cbm liquid capacity terminal
- A 77,286 MT LPG terminal
- A 35,000 MT per annum bottling plant
Additionally, Aegis Vopak is expanding its footprint with new LPG terminals at Pipavav (48,000 MT) and Mangalore (82,000 MT), both of which are now revenue-accretive.
Diversification and Future-Ready Infrastructure
In a move to diversify its portfolio, the company is constructing India's first independent ammonia terminal at Pipavav, with a capacity of 36,000 MT. This facility is expected to be operational before Q1 FY27, positioning Aegis Vopak at the forefront of emerging market trends.
Ambitious Capital Expenditure Plans
Aegis Vopak Terminals aims to reach a capital expenditure of $1.2 billion (approximately ₹10,000 crore) by FY27, with plans to further expand to $5 billion by 2030. The company plans to maintain a prudent leverage ratio of 0.6x, indicating a balanced approach to growth and financial stability.
Financial Performance
The company's Q2 results reflect strong growth:
| Metric | Growth |
|---|---|
| Revenue from operations | 26% year-on-year to ₹1,876.30 crore |
| EBITDA | 26% to ₹1,374.50 crore |
| PAT | 142% to ₹539.40 crore |
Strategic Acquisitions and Capacity Enhancement
Aegis Vopak has also made strategic moves to consolidate its position in the LPG market:
- Acquired a 75% stake in Hindustan Aegis LPG Ltd (HALPG), adding 25,000 MT LPG capacity
- This acquisition provides an entry into the East Coast market at Haldia
- The company's total LPG capacity now stands at 225,800 MT
Outlook
With its extensive expansion plans and strategic acquisitions, Aegis Vopak Terminals is positioning itself as a key player in India's growing energy logistics sector. The company's focus on diversification, including entry into the ammonia segment, and its pan-India network expansion strategy suggest a strong growth trajectory in the coming years.
Historical Stock Returns for Aegis Vopak Terminals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.85% | -5.85% | -7.78% | +6.71% | +6.71% | +6.71% |








































