Aegis Vopak Terminals Limited (AVTL) is a joint venture between India’s Aegis Logistics and Dutch multinational Vopak. Established in 2013, AVTL operates storage terminals for liquefied petroleum gas (LPG) and various liquid products across India. As of December 31, 2024, the company manages a total storage capacity of approximately 1.5 million cubic meters for liquid products and 70,800 metric tons for LPG.
Largest Third-Party Storage Operator: As of December 31, 2024, AVTL is the largest Indian third-party owner and operator of tank storage terminals for LPG and liquid products in terms of storage capacity.
Diversified Customer Base: Over 400 customers, including major national oil marketing companies.
Strategic Locations: Terminals located across five major ports in India, handling approximately 23% of liquid and 61% of total LPG import volumes in India.
Upcoming Projects: Development of an ammonia storage facility in Pipavav, expected to be operational by FY26.
Investment considerations
Debt Reduction: A Significant portion of IPO proceeds allocated for debt repayment, aiming to reduce annual interest costs by ₹150 crore.
Market Demand: Growing demand for specialised storage facilities due to India’s energy transition initiatives.
The Aegis Vopak Terminals Limited IPO presents an opportunity to invest in a leading player in India’s storage infrastructure sector. With strategic use of proceeds aimed at debt reduction and expansion, coupled with strong financial performance, the company is well-positioned for future growth.
However, potential investors should consider market conditions and consult financial advisors before making investment decisions.
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