AEGIS Vopak Terminals Limited announced that its wholly-owned subsidiary, Konkan Storage Systems (Kochi) Private Limited (KCPL), has executed a Framework Agreement with Sea Lord Containers Limited (SCL). Under this agreement, SCL will construct storage tanks for liquid products with a total capacity of 49,577 cubic meters. The deal, valued at ₹37,17,00,000, also includes associated facilities like truck loading bays and a tanker loading gantry.
AEGIS Vopak Terminals Subsidiary Expands Storage Capacity
AEGIS Vopak Terminals Limited has disclosed a significant development concerning its subsidiary, Konkan Storage Systems (Kochi) Private Limited (KCPL). On August 6, 2026, KCPL entered into a Framework Agreement with Sea Lord Containers Limited (SCL).
Key Agreement Details
Through this agreement, KCPL will engage SCL for the construction of new storage tanks. These tanks are designed to hold liquid products and will collectively offer an aggregate storage capacity of 49,577 cubic meters (cbm). The project scope also encompasses the development of associated facilities, including truck loading bays specifically for petroleum products, a tanker loading gantry, and the installation of a carbon steel (CS) pipeline.
Financial Implications
The total consideration for this Framework Agreement is set at INR 37,17,00,000/- (Indian Rupees Thirty-seven Crore Seventeen lakhs only). This amount is payable by KCPL to SCL upon the execution of the agreement. This expansion is expected to bolster AEGIS Vopak Terminals’ operational capabilities and revenue potential.
Relationship Between Parties
It is noted that KCPL is a wholly-owned subsidiary of AEGIS Vopak Terminals. Furthermore, SCL is identified as part of the Promoter Group of the Company. The transaction between KCPL and SCL has been confirmed to be conducted on an arm’s length basis.
Source: BSE
