Aegis Vopak Terminals Limited IPO

Aegis Vopak Terminals Limited (AVTL) AVTL, incorporated in 2013 and a top Indian company, handles and stores liquefied petroleum gas and several liquid products. AVTL plays a vital role in the nation’s energy and industrial infrastructure with its safe storage of petroleum, vegetable oils, lubricants, chemicals, and gases.

AVTL works in two primary business sectors. Gas Terminal Division responsibilities are to handle and store LPG, including propane and butane, and enable the smooth import and distribution to all parts of the country. Liquid Terminal Division, by comparison, is responsible for petroleum product storage, along with storing over 30 types of industrial chemicals and more than 10 varieties of oils, meeting the diverse needs of many industries through its adaptable security system.

At the end of June 30, 2024, AVTL will handle a significant amount of liquid product storage space of 1.50 million cubic meters and LPG storage of 70,800 metric tons. The company has two LPG terminals and 16 storage terminals for liquids at five large ports throughout India. Ports that are a part of this network are Haldia, Kochi, Mangalore, Pipavav, and Kandla. Coastal shipping, as well as importing and exporting, depend on these terminals, making sure AVTL continues to play a key part in India’s trade and supply.

The growth of the company’s workforce has kept pace with its growing operations. The number of full-time employees on March 31, 2022, was 24, increasing to 316 in 2023 and 396 in 2024. By June 30, 2024, the number of full-time staff was 392. The company’s growth is a result of AVTL’s expanding size and its commitment to running operations well.

Its strong infrastructure, port positions, and skilled workforce make Aegis Vopak Terminals Limited an important part of India’s energy storage and warehousing sector.