New Launch30 Jan 2026, 07:41 pm
Aegis Logistics Ltd Subsidiary to Engage Sea Lord Containers for LPG Infrastructure Development
AI Summary
Aegis Logistics Ltd announced that its subsidiary, Aegis Vopak Terminals Limited (AVTL), has entered into a Framework Agreement with Sea Lord Containers Limited (SCL), another subsidiary of Aegis, for setting up and development of LPG Rail Loading Infrastructure and Bottling Plant at New Mangalore Port Authority (NMPA). SCL will receive INR. 52,50,00,000 from AVTL upon execution of the Framework Agreement. Upon completion of the project, SCL will execute an Asset Transfer Agreement with AVTL.
Key Highlights
- Aegis Logistics Ltd subsidiary, AVTL, to engage SCL for LPG infrastructure development
- INR. 52,50,00,000 to be paid to SCL upon execution of Framework Agreement
- Asset Transfer Agreement to be executed upon completion of the project