Aegis Vopak Terminals Limited has executed a Framework Agreement with Aegis Logistics Limited (ALL) on August 06, 2026. The agreement pertains to the construction and development of additional storage infrastructure at the company's terminal located at Jawaharlal Nehru Port Authority (JNPA) tank farm area.
Nature of Agreement
The Framework Agreement involves engaging Aegis Logistics Limited for the construction and development of:
- An additional refrigerated double steel wall, full containment storage tank
- Insulated with suspended deck storage tank specifically for propane
- Tank capacity: 51,998 MT
- Allied facilities at the JNPA terminal location
Financial Terms
The Company shall pay Aegis Logistics Limited a sum of ₹1,42,50,00,000 (Indian Rupees One Hundred Forty-Two Crores and Fifty Lakhs only) upon execution of the Framework Agreement.
Relationship Between Parties
Aegis Logistics Limited is identified as one of the promoter companies of Aegis Vopak Terminals Limited. The transaction is classified as a related party transaction but is confirmed to have been conducted on an arm's length basis.
Significant Terms
The Framework Agreement includes the following significant terms:
- Payment of ₹142.5 crore to Aegis Logistics Limited upon execution
- Upon completion of the project, the Company will execute a separate Asset Transfer Agreement with Aegis Logistics Limited
Additional Information
The disclosure confirms that the agreement does not involve:
- Issuance of shares
- Loan agreements
- Nominee on the board of directors
- Potential conflict of interest issues
- Termination or amendment details (as this is an initial execution)
The document was signed by Priyanka Vaidya, Company Secretary and Compliance Officer (M. No. A64156) on behalf of Aegis Vopak Terminals Limited.