Aegis Logistics transfers Pipavav LPG terminal to Aegis Vopak Terminals for ₹428 crore
Published on 10/07/2025 07:29 PM
Aegis Logistics transfers Pipavav LPG terminal to Aegis Vopak Terminals for ₹428 croreThe terminal, which has a static storage capacity of 48,000 metric tonnes, was commissioned on July 3, 2025. As a result, there was no contribution to turnover or net worth from the unit as of March 31, 2025. Shares of Aegis Logistics Ltd ended at ₹749.40, up by ₹6.30, or 0.85%, on the BSE.By Jomy Jos Pullokaran July 10, 2025, 7:29:23 PM IST (Published)2 Min ReadAegis Logistics Limited on Thursday (July 10) said it has executed a Business Transfer Agreement (BTA) with its associate company, Aegis Vopak Terminals Limited (AVTL), for the transfer of its newly commissioned LPG cryogenic terminal at Pipavav. The transaction, completed on July 10, 2025, is structured as a slump sale on a going-concern basis.
The terminal, which has a static storage capacity of 48,000 metric tonnes, was commissioned on July 3, 2025. As a result, there was no contribution to turnover or net worth from the unit as of March 31, 2025.
The consideration for the transfer is ₹428.4 crore in cash. The transaction qualifies as a related party transaction but has been executed on an arm’s length basis. It is outside the scope of a Scheme of Arrangement and does not fall within the definition of “undertaking” under SEBI LODR regulations.
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Aegis Logistics clarified that the move is intended to consolidate LPG terminalling services under Aegis Vopak Terminals Limited, enhancing operational synergies and supporting growing demand at Pipavav Port. There is no change in the shareholding pattern of the company as a result of this transfer.
Aegis Logistics is an oil, gas, and chemical logistics company. The company has five distinct but related segments and operates a network of bulk liquid terminals, liquefied petroleum gas (LPG) terminals, filling plants, pipelines, and gas stations to deliver products and services.
Shares of Aegis Logistics Ltd ended at ₹749.40, up by ₹6.30, or 0.85%, on the BSE.
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