Aegis Logistics –  Biggest Beneficiary Of Rising LPG Impetus: Motilal Oswal
Oil Storage Tanks (Image: Company Website)

Aegis Logistics – Biggest Beneficiary Of Rising LPG Impetus: Motilal Oswal

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Motilal Oswal Report

Aegis Logistics Ltd. has outperformed the Nifty by ~15% in the last six months – on the back of the government impetus to increase the use of liquefied petroleum gas in households after the great success of the Pradhan Mantri Ujjwala Yojana scheme – which achieved 99.8% coverage.

Also, the stock has held strong despite the recent dip in the markets owing to the following inflection points -

  1. Increased LPG throughput at Mumbai and the Pipavav terminal post the technical debottlenecking of the Uran-Chakkan pipeline and commissioning of the railway gantry (respectively)
  2. The likely commissioning of the Kandla LPG terminal in the current quarter, which would further boost throughput volumes for the company.

Click on the attachment to read the full report:

Motilal Oswal Aegis Logistics Company Update.pdf


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