Aegis Vopak Terminals Limited (AVTL) is India’s largest third-party owner and operator of liquid and LPG storage tank terminals. It is a joint venture between Aegis Logistics (India) and Royal Vopak (Netherlands), combining strong domestic logistics expertise with global tank-storage technical know-how.<\/p>\n\n\n\n
AVTL provides storage and handling infrastructure for LPG (propane & butane), petroleum products, chemicals, lubricants, and edible & non-edible oils. Upcoming storage and handling infrastructure is for ammonia storage. Its operations are divided into two main segments which are liquid terminalling and gas (LPG) terminalling.<\/p>\n\n\n\n
Has presence across 6 major Indian ports of Kandla, Pipavav, Haldia, Mangalore, Kochi, and JNPA (Navi Mumbai). Got 22 existing tank terminals plus multiple upcoming facilities. Liquid storage capacity is 1.7 million cbm (with further expansion planned). LPG static capacity is 200,000+ MT. First independent 36,000 MT ammonia terminal is under development.<\/p>\n\n\n\n
For Q3, revenue was \u20b91,975 million (+22%), EBITDA was \u20b91,459 million (+23%), PAT was \u20b9615 million (+63%), EBITDA margin was 74%, and revenue mix was 42% gas and 58% liquid. For 9M FY26, revenue was \u20b95,491 million (+18%), EBITDA was \u20b94,032 million (+18%) and PAT was \u20b91,632 million (+90%).<\/p>\n\n\n\n
Overall trend is of strong margin expansion, rising profitability, and stable high EBITDA margins above 70%.<\/p>\n\n\n\n
New LPG terminals commissioned were 82,000 MT cryogenic LPG terminal at Mangalore and 48,000 MT cryogenic LPG terminal at Pipavav. Kandla VLGC Berth began operations. Acquisition of 75% stake in HALPG (Haldia LPG terminal), adding 25,000 MT LPG capacity and providing strategic East Coast entry. <\/p>\n\n\n\n
Long-term take-or-pay agreements signed with major corporates and HPCL (valid till 2038). Announced India’s first independent 36,000 MT ammonia terminal with completion targeted of FY27. MoUs were signed with L&T and Vadhavan Port for green ammonia and large port investments.<\/p>\n\n\n\n
JNPA Expansion Capex of \u20b91,675 crore) including large increases in liquid and LPG capacity plus bottling plant. India Ratings revised outlook from Stable to Positive (AA rating reaffirmed).<\/p>\n\n\n\n
Largest independent liquid & LPG terminal operator in India. Aegis Logistics + Royal Vopak global network and technical standards. Long-standing relationships with Indian OMCs, MNCs, chemical firms, and traders. Strong throughput turns in LPG. Pipelines, rail, road, and port infrastructure linked to major industrial clusters. High MSCI ESG ratings, strong safety, environmental, and governance frameworks.<\/p>\n\n\n\n
In liquids, growth driven by chemicals, petrochemicals, manufacturing, and government initiatives such as Make in India and 100% FDI in chemicals. In LPG, rising domestic consumption due to government subsidy programs (PMUY), cleaner fuel preference, and industrial demand growth. Imports expected to increase as domestic production remains relatively stable. In Ammonia, strong demand from fertilizer and industrial sectors. Increasing import dependency creates need for specialized port storage infrastructure.<\/p>\n\n\n\n
Growth Strategy is based on increasing capacity and economies of scale, targeting emerging logistics hubs, directing connections to manufacturing clusters, developing alternative and green energy infrastructure such as ammonia, hydrogen, and cleaner fuels. Inorganic growth is based on strategic acquisitions similar to HALPG. Capital allocation strategy is based on large capex pipeline funded via internal accruals and prudent leverage.<\/p>\n\n\n\n
AVTL is positioning itself as India’s leading energy and chemical storage infrastructure platform, leveraging strong promoter backing, expanding LPG and ammonia capabilities, high operating margins, and long-term customer contracts. Its strategy centers on capacity expansion, geographic diversification, green energy readiness, and disciplined financial growth, making it a key beneficiary of India’s rising demand for liquid, LPG, and ammonia logistics infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"
Company Overview Aegis Vopak Terminals Limited (AVTL) is India’s largest third-party owner and operator of liquid and LPG storage tank terminals. It is a joint venture between Aegis Logistics (India) and Royal Vopak (Netherlands), combining strong domestic logistics expertise with global tank-storage technical know-how. Core Business AVTL provides storage and handling infrastructure for LPG (propane […]<\/p>\n","protected":false},"author":2389,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,1941],"tags":[15208],"class_list":["post-178591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology-stocks","category-stock-analysis","tag-storage-tank-terminals"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":178657,"url":"https:\/\/alphastreet.com\/india\/aegis-logistics-q3-fy26-profit-jumps-46-as-gas-volumes-hit-new-peaks-standalone-gains-soar-on-pipavav-sale\/","url_meta":{"origin":178591,"position":0},"title":"Aegis Logistics Q3 FY26: Profit Jumps 46% as Gas Volumes Hit New Peaks; Standalone Gains Soar on Pipavav Sale","author":"Staff Correspondent","date":"January 30, 2026","format":false,"excerpt":"Aegis Logistics Limited (NSE: AEGISLOG) India\u2019s leading oil, gas, and chemical logistics provider, reported a robust third-quarter performance today. While consolidated revenue growth remained flat, the company\u2019s bottom line saw a significant surge, driven by record-breaking throughput in its Gas division and massive one-off gains in its standalone books. The\u2026","rel":"","context":"In "Analysis"","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":173773,"url":"https:\/\/alphastreet.com\/india\/aegis-logistics-ltd-aegislog-q1-2026-earnings-call-transcript\/","url_meta":{"origin":178591,"position":1},"title":"Aegis Logistics Ltd (AEGISLOG) Q1 2026 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"Aegis Logistics Ltd (NSE: AEGISLOG) Q1 2026 Earnings Call dated Aug. 08, 2025 Corporate Participants: Unidentified Speaker Raj K. Chandaria \u2014 Chairman & Managing Director Murad Moledina \u2014 Chief Financial Officer Analysts: Unidentified Participant Jolyon Loo \u2014 Analyst Abhishek Jain \u2014 Analyst Yash Nandwani \u2014 Analyst Amit Vora \u2014 Analyst\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":179119,"url":"https:\/\/alphastreet.com\/india\/aegis-vopak-terminals-ltd-aegisvopak-q3-2026-earnings-call-transcript\/","url_meta":{"origin":178591,"position":2},"title":"Aegis Vopak Terminals Ltd (AEGISVOPAK) Q3 2026 Earnings Call Transcript","author":"News desk","date":"February 2, 2026","format":false,"excerpt":"Aegis Vopak Terminals Ltd (NSE: AEGISVOPAK) Q3 2026 Earnings Call dated Jan. 30, 2026 Corporate Participants: Raj K. Chandaria \u2014 Chairman and Managing Director Murad Moledina \u2014 Chief Financial Officer Analysts: Yash Nandwani \u2014 Analyst Siddharth Chauhan \u2014 Analyst Neil Udpal Sahu \u2014 Analyst Amit Vora \u2014 Analyst Keshav \u2014\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":150077,"url":"https:\/\/alphastreet.com\/india\/aegis-logistics-ltd-q1fy24-24-rise-in-profits\/","url_meta":{"origin":178591,"position":3},"title":"Aegis Logistics Ltd Q1FY24; 24% rise in Profits.","author":"Divyansh_Kasana","date":"July 26, 2023","format":false,"excerpt":"Aegis Logistics is in the business of import and distribution of Liquified Petroleum Gas (LPG) and storage and terminalling facility for LPG and chemical products. Financial Results: Aegis Logistics Ltd reported Revenues for Q1FY24 of \u20b92,101.00 Crores down from \u20b92,235.00 Crore year on year, a fall of 6.0%. Total Expenses\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-276.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-276.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-276.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-276.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-276.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-276.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":161954,"url":"https:\/\/alphastreet.com\/india\/aegis-logistics-ltd-q4fy24-49-rise-in-profits\/","url_meta":{"origin":178591,"position":4},"title":"Aegis Logistics Ltd Q4FY24; 49% rise in Profits","author":"Divyansh_Kasana","date":"June 6, 2024","format":false,"excerpt":"Aegis Logistics is in the business of import and distribution of Liquified Petroleum Gas (LPG) and storage and terminalling facility for LPG and chemical products. Financial Results: Aegis Logistics Ltd reported Revenues for Q4FY24 of \u20b91,837.00 Crores down from \u20b92,154.00 Crore year on year, a fall of 14.72%. Total Expenses\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-64.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-64.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-64.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-64.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-64.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-64.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":157473,"url":"https:\/\/alphastreet.com\/india\/aegis-logistics-ltd-q2fy24-49-rise-in-profits\/","url_meta":{"origin":178591,"position":5},"title":"Aegis Logistics Ltd Q2FY24; 49% rise in Profits","author":"Divyansh_Kasana","date":"December 20, 2023","format":false,"excerpt":"Aegis Logistics is in the business of import and distribution of Liquified Petroleum Gas (LPG) and storage and terminalling facility for LPG and chemical products. Financial Results: Aegis Logistics Ltd reported Revenues for Q2FY24 of \u20b91,235.00 Crores down from \u20b92,151.00 Crore year on year, a fall of 42.58%. Total Expenses\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/12\/image-151.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/12\/image-151.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/12\/image-151.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/12\/image-151.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/12\/image-151.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/12\/image-151.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2389"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=178591"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178591\/revisions"}],"predecessor-version":[{"id":178593,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178591\/revisions\/178593"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=178591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=178591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=178591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}