Aegis Vopak signs framework deal for LPG infra at New Mangalore Port
AEGISVOPAK · price
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Aegis Vopak Terminals has signed a Framework Agreement with promoter group entity Sea Lord Containers (SCL) to set up LPG Rail Loading Infrastructure and Bottling Plant at New Mangalore Port Authority. The company will pay INR 52.5 crore to SCL on execution. SCL is part of the promoter group, making this a related party transaction done at arms length. A separate Asset Transfer Agreement will be signed on project completion.
Capacity expansion in LPG infrastructure. Related party deal with promoter group at arms length. Asset Transfer Agreement to follow on project completion.