Parties Involved

  • Sea Lord Containers Limited (SCL): Wholly owned subsidiary of Aegis Logistics Limited
  • Konkan Storage Systems (Kochi) Private Limited (KCPL): Counterparty to the agreement

Agreement Details

  • Execution Date: August 06, 2026
  • Agreement Type: Framework Agreement
  • Purpose: KCPL will engage SCL for construction of storage tanks for liquid products with aggregate storage capacity of 49,577 cbm
  • Associated Facilities: Truck loading bays for petroleum products, tanker loading gantry, and installation of carbon steel (CS) pipeline

Financial Terms

  • Contract Value: ₹37,17,00,000 (Indian Rupees Thirty-seven crore seventeen lakhs only)
  • Payment Terms: Payable to SCL upon execution of Framework Agreement

Corporate Relationships

  • SCL Status: Wholly owned subsidiary of Aegis Logistics Limited
  • KCPL Status: Wholly owned subsidiary of Aegis Vopak Terminals Limited (AVTL)
  • Company Relationship: Aegis Logistics Limited is one of the promoter companies of AVTL
  • Related Party Status: Transaction between SCL and KCPL qualifies as related party transaction
  • Arm's Length Basis: Confirmed that transaction is conducted on arm's length basis

Shareholding and Additional Terms

  • Shareholding in KCPL: Nil
  • Significant Terms: Standard terms/covenants of Framework Agreement
  • Special Rights: No special rights mentioned (right to appoint directors, first right to share subscription, etc.)

Non-Applicable Sections

  • No issuance of shares involved
  • No loan agreements involved
  • No board nominee details or potential conflict of interest issues disclosed
  • No termination or amendment of agreement disclosed