Aegis Logistics - Focus Shifts Away From LPG Logistics: Motilal Oswal
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Motilal Oswal Report
Aegis Logistics Ltd. has established a joint venture - Aegis Vopak Terminals Ltd.
Both liquefied petroleum gas and liquid storage terminals at Kandla and Pipavav, and liquid storage terminals at Mangalore, Kochi, and Haldia have been brought under Aegis Vopak.
The company will hold 51% stake in Aegis Vopak, with the balance held by Vopak.
Aegis Vopak will also hold the existing 2,50,000 kilolitre liquid terminal of Vopak at Kandla.
The company, via its wholly owned subsidiary - Aegis Gas Ltd., used to hold 75% stake in the Haldia LPG terminal.
It is divesting 24% to Vopak (separate from Aegis Vopak).
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