Aegis Logistics Power Up: Rs 142.5 Cr Propane Expansion at JNPA

Aegis Logistics has entered into a strategic framework agreement with its subsidiary, Aegis Vopak Terminals (AVTL), valued at Rs 142.5 crore. The initiative involves constructing an advanced refrigerated propane storage tank and supporting infrastructure at the Jawaharlal Nehru Port Authority (JNPA) tank farm.

Designed to bolster India's energy infrastructure, the project entails developing a 51,998-tonne capacity, refrigerated, double-steel-wall, full-containment insulated tank. This new facility will significantly improve propane handling efficiency and strengthen supply chain resilience for LPG and industrial fuels, aligning with AVTL's ongoing terminal expansion strategy and India's growing petrochemical demands.

News by Rahul Yelligetti.