Aegis Vopak Terminals Inks ₹502.5 Crore Deal for LPG Terminal Project at JNPA
Aegis Vopak Terminals Limited (AVTL) has signed a Framework Agreement with Aegis Logistics Limited to acquire a Greenfield Terminal project at Jawaharlal Nehru Port for ₹502.50 crore. The J2 Project includes 77,286 MT LPG storage, 318,100 cbm liquid products storage, and a 35,000 MT/annum LPG bottling plant. AVTL will pay the full amount upfront, with Aegis Logistics developing the terminal. This strategic move aims to enhance AVTL's storage and distribution capabilities at a major Indian port.

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Aegis Vopak Terminals Limited (AVTL) has taken a significant step towards expanding its storage and distribution capabilities by signing a Framework Agreement with its promoter company, Aegis Logistics Limited (ALL). The agreement, valued at ₹502.50 crore, paves the way for AVTL to acquire a Greenfield Terminal project at Jawaharlal Nehru Port (JNPA).
Project Details
The J2 Project, as it is known, encompasses substantial storage and distribution facilities:
| Facility Type | Capacity |
|---|---|
| LPG Storage | 77,286 MT |
| Liquid Products Storage | 318,100 cbm |
| LPG Bottling Plant | 35,000 MT/annum |
Transaction Highlights
- Agreement Value: ₹502.50 crore
- Payment Terms: AVTL to pay the full amount upon execution of the Framework Agreement
- Project Development: Aegis Logistics Limited will construct and develop the terminal
- Future Steps: A separate Asset Transfer Agreement to be executed upon project completion
Strategic Implications
This move signifies AVTL's commitment to strengthening its position in the LPG and liquid storage market. The strategic location of the project at JNPA, one of India's major ports, is likely to enhance the company's logistics and distribution capabilities significantly.
Related Party Transaction
It's worth noting that this transaction is between related parties, as Aegis Logistics Limited is a promoter of Aegis Vopak Terminals Limited. However, the company has affirmed that the deal is conducted on an arm's length basis, ensuring fairness and transparency in the transaction.
Regulatory Compliance
The disclosure of this agreement aligns with the regulatory requirements set forth by the Securities and Exchange Board of India (SEBI). AVTL has duly informed the National Stock Exchange of India and BSE Limited, adhering to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
As the project progresses, market observers will be keen to see how this significant investment impacts AVTL's market position and financial performance in the coming years.
Historical Stock Returns for Aegis Vopak Terminals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.99% | -2.00% | -2.05% | +13.35% | +13.35% | +13.35% |






































