Aegis Vopak Terminals

 

Aegis Vopak Terminals

About Aegis Vopak Terminals

Aegis Vopak Terminals is India’s largest third-party owner and operator of LPG and liquid product tank storage terminals, with 1.5 million cubic meters of liquid storage and 70,800 MT of LPG capacity as of December 31, 2024. It accounts for 11.5% of India’s LPG and 25.5% of third-party liquid storage capacity, with terminals at five key ports handling major import volumes. Backed by promoters Aegis Logistics and Vopak India BV, the company benefits from deep industry expertise and global networks. Its two main segments include gas terminals for LPG and liquid terminals for petroleum, chemicals, and vegetable oils.

Strengths

• Largest third-party tank storage operator in India for LPG and liquids by capacity.
• Strategic port locations handle 61% of India’s LPG and 23% of liquid imports.
• Backed by strong promoters: Aegis Logistics and Royal Vopak with global expertise.
• Proven track record in infrastructure expansion and storage throughput efficiency.
• ESG-focused operations with advanced safety and sustainability systems

Risks 

• High revenue dependence on top 10 customers, posing concentration risk
• Operational risks from hazardous material handling and port-based vulnerabilities.
• Lease agreements for some terminals are expired and not yet renewed.
• Insurance coverage may not fully protect against potential operational losses
• Potential promoter conflict could disrupt operations due to JV structure

·       Aegis Vopak Terminals Ltd., a strategic joint venture between Aegis Logistics Limited India and Royal Vopak of the Netherlands, operates a necklace of 20 tank terminals across 6 key Indian ports like Haldia, Kandla, Pipavav, JNPT(upcoming), Mangalore, and Kochi. With a robust storage capacity of 1.7 million cbm for Liquid storage, and 201K MT for LPG, our operations form a crucial link in the storage and movement of LPG, oil, liquid chemicals, petrochemicals, gases, Bitumen and vegetable oil products.

·       Dedicated to facilitating India's transition to more sustainable energies, AVTL adheres to the highest standards in health, safety, and environmental practices, ensuring our operations consistently provide the most efficient and reliable storage and logistics solutions.