Business Update26 Mar 2026, 06:31 pm
Aegis Logistics Ltd Board Meeting Approves Consent for Ammonia Terminal Assignment to Aegis Terminal (Pipavav) Limited
AI Summary
Aegis Logistics Ltd's Board of Directors has approved the issuance of its consent for assignment of a specialized storage terminal for Ammonia at Pipavav Port with a static capacity of 36,000 MT to Aegis Vopak Terminals Limited (AVTL). The terminal will be further assigned to AVTL's subsidiary, Aegis Terminal (Pipavav) Limited (ATPL). The decision comes after the Company's earlier disclosure dated 19th June 2025, where it had entered into a Framework Agreement with AVTL for the transfer of the terminal. The Business Transfer Agreement will be executed upon completion of the project, with details to be informed separately.
Key Highlights
- Aegis Logistics Ltd's Board approves consent for assignment of Ammonia terminal to Aegis Terminal (Pipavav) Limited.
- The terminal has a static capacity of 36,000 MT and is located at Pipavav Port.
- The decision follows a Framework Agreement entered into with Aegis Vopak Terminals Limited in June 2025.
- The terminal will be further assigned to AVTL's subsidiary, ATPL.
- Business Transfer Agreement to be executed upon completion of the project.