Aegis Logistics to build 51,998 MT propane tank at JNPA for ₹142.5 Crore
Aegis Logistics Limited will construct a 51,998 MT propane storage tank at JNPA for its subsidiary AVTL. The company will receive ₹142.50 crore upon agreement execution. An Asset Transfer Agreement will follow project completion.
The agreement involves a substantial capital project for infrastructure development and a significant sum of money, indicating a medium-term impact on the company's operations and financials.
The announcement details a significant expansion project involving the construction of a large propane storage tank, which is expected to enhance the company's infrastructure and potentially increase revenue.
Aegis Logistics Limited announced on August 06, 2026, that it has executed a Framework Agreement with its subsidiary, Aegis Vopak Terminals Limited (AVTL). Under this agreement, Aegis Logistics will construct and develop an additional refrigerated double steel wall, full containment, insulated storage tank for propane with a capacity of 51,998 MT, along with allied facilities. This new tank will be located at Aegis Logistics' terminal in the Jawaharlal Nehru Port Authority (JNPA) tank farm area.
Upon execution of the Framework Agreement, Aegis Logistics will receive ₹142.50 crore (Indian Rupees One Hundred Forty-Two crores and Fifty Lakhs only) from AVTL. The transaction between Aegis Logistics and its subsidiary AVTL is conducted on an arm's length basis. Following the completion of the project, Aegis Logistics will execute a separate Asset Transfer Agreement with AVTL.
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Aegis Logistics Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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