Aegis Logistics Subsidiary Signs ₹37.17 Cr Framework Agreement

Aegis Logistics Ltd announced that its wholly owned subsidiary, Sea Lord Containers Limited (SCL), has entered into a Framework Agreement with Konkan Storage Systems (Kochi) Private Limited (KCPL). Under this agreement, KCPL will engage SCL for the construction of storage tanks for liquid products with an aggregate capacity of 49,577 cbm, along with associated facilities. The agreement includes truck loading bays, a tanker loading gantry, and a carbon steel pipeline. SCL will receive INR 37,17,00,000/- upon execution of the agreement. KCPL is a subsidiary of Aegis Vopak Terminals Limited, in which Aegis Logistics is a promoter. The transaction is considered an arm's length transaction.