Aegis Logistics and its subsidiary - Aegis Vopak Terminals (AVTL) - have executed a framework agreement. Under this agreement, the company will construct and develop an additional refrigerated double steel wall, full containment, insulated with suspended deck storage tank for propane with capacity of 51,998 MT tank and allied facilities at its terminal located at Jawaharlal Nehru Port Authority (JNPA) tank farm area.
The company will receive the sum of Rs 142.50 crore from AVTL upon execution of framework agreement. Upon Completion of the Project, the Company will execute with AVTL the Asset Transfer Agreement separately.
Aegis Logistics is India’s leading integrated Oil, Gas & Chemical Logistics company and one of India’s top Importers and Handlers of LPG amongst private players.
