About  Aegis Logistics Limited

Aegis Logistics Limited, incorporated on June 30, 1956, is an Indian bulk liquids and gases logistics company. It stores and distributes products through a nationwide network of port terminals and distribution facilities. The Group’s mission is to store and distribute bulk liquids and gases safely and sustainably, building a network of terminals along India’s coastline. Its strategy includes Project GATI (Gateway Access to India) to expand storage and infrastructure capacity.

Operations are primarily in India, with international subsidiaries in Singapore—Aegis Group International Pte. Limited and Aegis International Marine Services Pte. Limited—supporting global trade. Key activities include wholesale LPG distribution (AutoGas, commercial, and industrial) and storage terminalling for liquids and gas. On a standalone basis in FY 2024–25, these contributed 84.53% and 9.21% of turnover respectively. Terminals are located at Mumbai, JNPA, Haldia, Pipavav, Kandla, Mangalore, and Kochi.

 Aegis Logistics Limited’s Business Segments

• Liquid Terminal Division: Storage and terminalling for oil and chemical products.

• Gas Terminal Division: Import, storage, and distribution of LPG and Propane.

• Revenue by geography: Customers are primarily in India; no material overseas revenue.

• Revenue by segment: FY 2024–25 standalone revenue from operations was ₹2,97,677.91 lakh, comprising ₹23,319.39 lakh from the Liquid Terminal Division and ₹2,74,358.52 lakh from the Gas Terminal Division. At Group level, revenues were ₹649.77 crore from Liquid Logistics and ₹6,114.03 crore from Gas.

 Aegis Logistics Limited Key Management

• Raj K. Chandaria, Chairman & Managing Director: Strategic leadership; DIN: 00037518.

• Sudhir O. Malhotra, Chief Executive Officer: Responsible for management and operations.

• Murad M. Moledina, Chief Financial Officer: Finance, reporting, and controls.

Latest Updates on Aegis Logistics Limited

• AVTL listing: Aegis Vopak Terminals Limited (AVTL), a joint venture with Royal Vopak, completed an IPO of 119,148,936 shares at ₹235 each, raising ₹2,80,000 lakh. Listed on NSE and BSE on June 2, 2025, Aegis’ stake reduced from 50.10% to 44.71%, while management control continues.

• Strategic transactions: Invested about ₹300 crore in AVTL via private placement and transferred 36,000 AVTL shares to Vopak for ₹180 crore under a June 14, 2024 agreement.

• Capacity additions: Commissioned two new liquid terminals at Mangalore (75,230 m³) and one at JNPA (1,01,900 m³).

• Operating momentum: LPG throughput rose to 4.5 MMT in FY 2024–25, supported by AVTL’s Kandla LPG terminal. Group EBITDA was ₹1,120.21 crore.

• Credit ratings: Ind-Ra reaffirmed IND A1+/IND AA Stable; CARE reaffirmed CARE A1+/CARE AA Stable.

• Dividends: Declared interim dividend of 125% (₹1.25 per share) and final dividend of ₹6 for FY 2024–25; later declared interim dividend of ₹2 for FY 2025–26.