Aegis Logistics Subsidiary Signs ₹37.17 Crore Construction Agreement
Aegis Logistics' subsidiary SCL signed a ₹37.17 crore Framework Agreement with KCPL for the construction of liquid product storage tanks with a capacity of 49,577 cbm. The deal includes associated facilities like truck loading bays and a pipeline. The agreement was executed on August 06, 2026.
The agreement involves a substantial sum of ₹37.17 crore and the construction of significant storage capacity, which is expected to positively impact the company's revenue and operational capabilities.
The agreement represents a significant business expansion and revenue generation opportunity for Aegis Logistics' subsidiary, indicating positive business development.
Aegis Logistics Limited announced that its wholly-owned subsidiary, Sea Lord Containers Limited (SCL), has executed a Framework Agreement with Konkan Storage Systems (Kochi) Private Limited (KCPL). Under this agreement, KCPL will engage SCL for the construction of storage tanks for liquid products with an aggregate storage capacity of 49,577 cubic meters. The project also includes associated facilities such as truck loading bays for petroleum products, a tanker loading gantry, and the installation of a carbon steel pipeline.
KCPL will pay SCL a sum of ₹37.17 crore upon the execution of the Framework Agreement. KCPL is a wholly-owned subsidiary of Aegis Vopak Terminals Limited (AVTL), in which Aegis Logistics Limited is a promoter company. SCL is a wholly-owned subsidiary of Aegis Logistics Limited. The transaction between SCL and KCPL is conducted on an arm's length basis.
The agreement was executed on August 06, 2026.
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