Aegis Vopak Terminals Limited (AVTL) has acquired a 75% stake in Hindustan Aegis LPG Limited (HALPG), marking AVTL’s entry into the East Coast market. The acquisition brings an additional 25,000 metric tons of LPG storage capacity at Haldia. The company reported revenue growth of 18.3% year-on-year, totaling INR549.1 crores for the nine-month period of FY26. AVTL is progressing with its long-term growth strategy under Project GATI.
Strategic Acquisition and Expansion
Aegis Vopak Terminals Limited (AVTL) has completed the acquisition of a 75% stake in Hindustan Aegis LPG Limited (HALPG) from Aegis Gas Private Limited and Vopak India. This acquisition results in Hindustan Aegis LPG becoming a subsidiary of AVTL and adds 25,000 metric tons of LPG storage capacity at Haldia, facilitating AVTL’s entry into the East Coast market.
Project GATI and Growth Strategy
AVTL is executing its long-term growth strategy under Project GATI, which aims to expand the company’s storage footprint, improve throughput efficiency, and diversify its portfolio into new products. These initiatives are expected to strengthen AVTL’s leadership position in the market and support sustainable growth.
Operational Highlights and Developments
New LPG terminals commissioned last year at Pipavav and Mangalore are now fully operational and contributing to revenues. Haldia Port has a liquid storage capacity of 226,890 cubic meters, operating at high capacity. An additional 3 acres of land has been acquired to facilitate future growth.
Financial Performance
For the nine-month period of FY26, revenue from operations increased by 18.3% year-on-year, totaling INR549.1 crores. Revenue from liquid terminalling was INR319.4 crores (up 26.6% year-on-year), and revenue from gas terminalling reached INR229.7 crores (an increase of 8.4% year-on-year). Operating EBITDA rose by 18.1% to INR403.2 crores, while profit increased by 90% to INR163.2 crores.
Expansion Projects and Investments
Significant expansion projects are underway across various ports:
JNPT Port: Additional 318,100 cubic meters of liquid capacity and 77,236 metric tons of LPG capacity are being added, along with an LPG bottling plant.
* Kandla Port: The Jamnagar Loni LPG Pipeline is nearing completion. Construction of a new CRL4 liquid terminal with a 94,148 cubic meters capacity is progressing.
* Pipavav Port: Construction of India’s first independent ammonia terminal with a static capacity of 36,000 metric tons is underway.
Vadhavan Port Investment
Aegis Vopak Terminals has entered into a non-binding memorandum of understanding to invest in the proposed Vadhavan Port with a potential project outlay of approximately INR 20,000 crores.
Source: BSE
