Aegis Vopak Terminals Limited (AVTL) announced at its board meeting held on October 28, 2025, the proposal to acquire a 96% equity stake in Aegis Terminal (Pipavav) Limited (ATPL) from Aegis Gas (LPG) Private Limited for INR 48,00,000 (48,000 shares at INR 10 each). This acquisition, expected to complete by November 30, 2025, will make ATPL a subsidiary of AVTL. The transaction is a related party deal conducted at arm’s length and requires no governmental or regulatory approvals. ATPL, incorporated in 2013, has not yet commenced commercial operations and operates in the storage and terminalling facilities sector for oil, chemicals, and petroleum products.​

Aegis Vopak Terminals Limited is a key player in India’s storage and terminalling infrastructure, specializing in LPG and liquid product tank terminals across major ports like Haldia, Kochi, Mangalore, Pipavav, and Kandla. With an aggregate storage capacity of approximately 1.5 million cubic meters for liquid products and 70,800 metric tonnes for LPG, AVTL operates 20 terminals serving coastal shipping, imports, and exports. The company made a significant market debut in 2025 with its IPO, raising ₹2800 crore for expansion, including repayment of borrowings and acquisition purposes. AVTL is backed by strong promoters including Aegis Logistics and Royal Vopak from the Netherlands. The company has been expanding its capacity aggressively with plans for further storage augmentation and diversification into ammonia and industrial terminals.​

For the latest financial results, as reported for the quarter ending June 2025, Aegis Vopak Terminals Ltd registered revenue of ₹173 crore compared to ₹171 crore in the previous quarter (March 2025), reflecting a moderate revenue growth of 1.17% quarter-on-quarter (QoQ). The net profit for June 2025 was ₹48 crore, showing significant profit growth from ₹41 crore in March 2025, an increase of 17.07% QoQ. Comparing year-on-year (YoY) figures with June 2024 revenue of ₹156 crore and net profit of ₹26 crore, the company demonstrated robust revenue growth of 10.90% YoY and impressive net profit growth of 84.62% YoY. This consistent financial performance underscores AVTL’s improving operational efficiency and expansion benefits since its IPO earlier this year.

Aegis Vopak enjoys investor confidence, supported by notable institutional backers post its IPO in May 2025. The strategic acquisition of ATPL aligns with AVTL’s vision to consolidate its position in the storage and terminalling sector, leveraging the potential of new terminals under ATPL to enhance its service offerings and capacity.

This significant board-approved acquisition and strong quarterly financials position Aegis Vopak Terminals firmly on a growth trajectory in 2025, anticipating continued expansion and value creation for shareholders.​