Joint Venture30 Jan 2026, 07:22 pm
Aegis Vopak Terminals Ltd Enters Framework Agreement with Sea Lord Containers Limited for LPG Infrastructure Development
AI Summary
Aegis Vopak Terminals Ltd has executed a Framework Agreement with Sea Lord Containers Limited (SCL) for setting up and development of LPG Rail Loading Infrastructure and Bottling Plant at New Mangalore Port Authority (NMPA). The Company will pay INR 52,50,00,000 to SCL upon execution of the Framework Agreement. Upon completion of the project, an Asset Transfer Agreement will be executed separately.
Key Highlights
- Aegis Vopak Terminals Ltd has entered into a Framework Agreement with Sea Lord Containers Limited for LPG infrastructure development.
- The Company will pay INR 52,50,00,000 to SCL upon execution of the Framework Agreement.
- The project involves setting up and development of LPG Rail Loading Infrastructure and Bottling Plant at New Mangalore Port Authority.
- Upon completion of the project, an Asset Transfer Agreement will be executed separately.
- Sea Lord Containers Limited is part of the Promoter Group of the Company.