Aegis Logistics to Build Propane Storage Tank at JNPA Under ₹142.5 Crore Deal with Subsidiary
Key Takeaways
- •Aegis Logistics will invest ₹142.5 crore through a subsidiary agreement to build a propane storage tank at JNPA in Navi Mumbai.
- •The planned refrigerated storage tank will have a capacity of 51,998 metric tonnes and feature a double steel wall with full containment insulation.
- •The project supports India's efforts to expand LPG and propane import infrastructure as domestic demand for cooking fuel and industrial feedstock continues to rise.
- •JNPA serves as one of India's major container ports and a critical hub for energy imports and distribution.
- •Aegis Logistics operates a network of liquid and gas terminals across India's major ports, positioning itself as a midstream logistics provider linking overseas suppliers with domestic markets.
Aegis Logistics to Build Propane Storage Tank at JNPA Under ₹142.5 Crore Deal with Subsidiary
Aegis Logistics Ltd. has announced plans to construct a large-scale propane storage tank at the Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai, under a ₹142.5 crore agreement with its subsidiary.
The company said it will develop a refrigerated double steel wall, full containment, insulated propane storage tank with a capacity of 51,998 metric tonnes at the terminal.
Aegis Logistics is an India-based company engaged in oil, gas, and chemical logistics, including the storage and handling of liquefied petroleum gas (LPG), propane, and other liquid products. JNPA, located in Navi Mumbai, Maharashtra, is one of India's major container ports and a key hub for energy imports and distribution.
The investment comes as India continues to expand its LPG and propane import infrastructure to meet rising domestic demand for cooking fuel and industrial feedstock. India relies significantly on imported LPG to bridge the gap between domestic consumption and production, making port-based storage capacity a critical link in the country's energy supply chain. Large-scale refrigerated storage tanks of this type allow importers to receive cargoes from very large gas carriers and maintain inventory buffers for downstream distribution.
Aegis Logistics operates a network of liquid and gas terminals across India's major ports, positioning itself as a midstream logistics provider connecting overseas suppliers with domestic markets.
Source: CNBC-TV18
