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Aegis Logistics is in the business of import and distribution of Liquified Petroleum Gas (LPG) and storage and terminalling facility for LPG and chemical products.
Aegis Logistics sold its Pipavav Ammonia terminal (36,000 MT) to its subsidiary, ATPL, for ₹525 Cr via slump sale. This deal consolidates logistics operations, strengthens specialized chemical/gas presence, and expands growth in crucial energy segments.
Aegis Logistics' subsidiary, SCL, secured a ₹37.17 Cr contract from KCPL (a related entity) to construct 49,577 cbm liquid storage tanks and associated facilities. This boosts SCL's revenue and expands infrastructure services.
Aegis Logistics will build a 51,998 MT propane storage tank at its JNPA terminal for its subsidiary, AVTL. Aegis will receive ₹142.50 Cr for this project. This expands critical infrastructure, boosting future logistics capabilities and enhancing asset utilization.
AEGIS LOGISTICS to hold its AGM. A record date is set for shareholders eligible for the final dividend for FY25-26, pending approval. E-voting details, including a cut-off date for participation, have been announced.
Aegis Logistics incurred penalties of Rs 90,000 from both BSE and NSE for delayed submission of its March 2025 quarter financial results. The company cited consolidation challenges due to a subsidiary's IPO as the reason.