Hey there, investors! Got some exciting news from the energy infrastructure space. Aegis Logistics Limited (Symbol: AEGISLOG) has just announced the commissioning of its brand-new LPG cryogenic terminal at Pipavav.
Effective July 3, 2025, this state-of-the-art terminal is ready to handle a massive 48,000 Metric Tons (MT) of liquified petroleum gases. Think of it as a giant, super-efficient storage and handling hub for LPG. ⛽
This move significantly boosts Aegis Logistics’ capacity for storing and terminalling these crucial energy resources. It’s all about ensuring a smoother, more robust supply chain for LPG, which is vital for various industries and households.
Interestingly, while Aegis Logistics developed this terminal, it was done on behalf of Aegis Vopak Terminals Limited, which is their 50:50 associate company with Royal Vopak. This means the terminal will eventually be transferred to the JV, highlighting a collaborative approach to expanding their footprint. It’s a smart way to leverage partnerships for growth! 🤝
This commissioning marks another step forward for Aegis Logistics in strengthening its position in the energy logistics sector. Keep an eye on how this new capacity plays out for the company!
source: Corporate Announcement