Integrated oil, gas and chemical logistics firm Aegis Logistics has signed an agreement to transfer its specialised ammonia storage terminal at Pipavav Port to its step-down subsidiary Aegis Terminal for ₹525 crore. The company executed the Business Transfer Agreement on Monday , with the transfer structured as a slump sale on a going-concern basis.
The terminal has a static storage capacity of 36,000 metric tonnes. Aegis Logistics said the consideration will be received upon execution of the BTA, with the transaction expected to be completed on August 24. ATPL operates storage and terminal facilities for oil, chemicals and petroleum products.
The transaction is classified as a related-party transaction and has been undertaken on an arm’s-length basis. The transaction is outside a Scheme of Arrangement. The company said the terminal does not fall within the definition of an “undertaking” under SEBI’s LODR regulations, so Regulation 37A is not applicable.
The terminal was commissioned on August 10, 2026. As it was commissioned after the end of the previous financial year, Aegis Logistics said its contribution to turnover and net worth as of March 31, 2026, was not applicable. The company is engaged in developing, owning and operating shore-based tank farm installations for the oil, gas, chemicals and petrochemical industries, while ATPL’s business includes storage and terminalling facilities for oil, chemicals and petroleum products.
Shares of Aegis Logistics closed at 1,340.50, down 5.46% from the previous close on Monday.