Terminal-network for liquids & gases Aegis Vopak raises Rs.660-Cr via NCDs

Ahmedabad-based Aegis Vopak Terminals , a joint venture between Aegis Logistics Ltd India and Royal Vopak of the Netherlands, has raised INR 660 crore through an issue of Non-Convertible Debentures (NCDs). These NCDs will carry a three-year tenure with an interest rate of 6.92% and will be listed on the NSE.Aegis Vopak operates a network of 20 tank terminals across six ports: Haldia, Kandla, Pipavav, JNPT, Mangalore and Kochi. The company has a storage capacity of 1.7 million cubic metres for liquid storage and 201K metric tonnes for LPG, playing a role in the storage and movement of various products such as LPG, oil, liquid chemicals, petrochemicals, gases, bitumen, and vegetable oil.