Aegis Logistics sells Pipavav LPG terminal to Aegis Vopak Terminals

By Admin

12 Jul, 2025

In a strategic move to consolidate its LPG operations, Aegis Logistics Ltd has announced the sale of its newly commissioned LPG cryogenic terminal at Pipavav to its associate company, Aegis Vopak Terminals Limited (AVTL). The deal, completed through a Business Transfer Agreement (BTA), was executed as a slump sale on a going-concern basis, amounting to Rs 428.4 crore in cash.

Arm's-Length Related-Party Transaction

Although the sale qualifies as a related-party transaction, Aegis Logistics has clarified that it was conducted on an arm's-length basis. As a result, the transaction does not fall under a Scheme of Arrangement, nor does it qualify as an "undertaking" under the SEBI (LODR) Regulations. This ensures regulatory compliance while maintaining transparency.

About the Pipavav LPG Terminal

The Pipavav terminal, located at the strategically important Pipavav Port, has a significant storage capacity of 48,000 metric tonnes. It was commissioned on 3rd July, 2025, and being post the 31st March, 2025 financial year-end, the terminal did not contribute to Aegis Logistics' turnover or net worth for the fiscal year 2024–25.

Enhancing Synergies for Growing Demand

The sale is part of Aegis Logistics’ broader vision to integrate and strengthen LPG operations under a single entity Aegis Vopak Terminals. According to the company, this consolidation will enhance operational synergies and help meet the increasing demand for LPG storage and handling services at Pipavav Port.

No Impact on Shareholding

Importantly, this strategic realignment has no impact on the shareholding pattern of Aegis Logistics, ensuring continuity for existing investors while unlocking long-term value through operational focus.

Conclusion

The transfer of the Pipavav LPG terminal marks a pivotal moment in Aegis Logistics’ operational strategy, reinforcing its commitment to optimizing infrastructure and scaling up to meet India’s growing energy demands. With the completion of this Rs 428.4 crore deal, Aegis Vopak Terminals is well-positioned to lead in the LPG logistics space at Pipavav Port.