Aegis Logistics Limited has informed the Exchange regarding Commissioning of Cryogenic LPG Terminal at Mangalore by Sea Lord Containers Limited, wholly owned subsidiary of the Company.
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Aegis Logistics Limited's wholly owned subsidiary, Sea Lord Containers Limited (SCL), has commissioned a cryogenic LPG terminal at Mangalore effective June 12, 2025. The terminal has a static storage capacity of 82,000 MT and is designed for storage and terminalling of liquified petroleum gases. The facility was developed by SCL on behalf of Aegis Vopak Terminals Limited, an associate company, and will be transferred to them subsequently, with a separate intimation to follow.
This new 82,000 MT capacity addition strengthens the group's LPG storage and terminalling infrastructure, potentially boosting future revenues from throughput and storage fees. The subsequent transfer to the associate company (Aegis Vopak Terminals) means the asset and its earnings may move to the JV entity rather than fully consolidating at Aegis Logistics level.