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HomeKarnatakaAegis Logistics to setup India's largest Cryogenic Terminal at Mangalore by FY25

Aegis Logistics to setup India’s largest Cryogenic Terminal at Mangalore by FY25

Aegis is India's foremost importer and handler of LPG among private players.

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Aegis Logistics Cryogenic Terminal in Mangalore

Aegis already has a terminal in Mangalore with a storage capacity of 76,000 KL for handling chemicals and POL. To further its capabilities, Aegis has acquired an additional 22 acres of land to establish a state-of-the-art LPG cryogenic terminal in Mangalore. With a static storage capacity of 80,000 metric tons and the potential to handle a throughput of 5 million-plus metric tons of LPG per annum, this terminal is a pioneering venture in Mangalore. It would be India’s largest Cryogenic Terminal. The total cost is estimated to be around Rs. 500 Crores.

Works on the LPG Terminal at Mangalore is progressing well and the same would be operational in FY’25.

A 48,000 MT LPG Cryogenic terminal is under construction at Pipavav. It is also to be commissioned in FY25.

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The New Mangalore Port, a modern all-weather port in Panambur, Mangalore, witnessed a total traffic of 39.30 million metric tons in the financial year 2021-2022. Offering distinct advantages of road and rail connectivity, the port caters to the import and export of a diverse range of goods across key states like Karnataka, Kerala, and Maharashtra.

Also Read | JSW Infrastructure Wins Bid for Keni Port Development in Karnataka

Efficiency and Innovation: Revolutionizing LPG Operations

This first-of-its-kind terminal in Mangalore, with its massive capacity, is designed to handle and discharge large LPG vessels swiftly. In contrast to the current practice of multiple birthing spread over several days, this terminal promises unparalleled efficiency. This efficiency is projected to save millions of dollars in wasteful damage due to delayed berthing, directly impacting the price of LPG for consumers.

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Developed with an investment of around Rs 500 crores, the Aegis Cryogenic terminal in Mangalore aligns with the Pradhan Mantri Ujjwala Yojana, enhancing the accessibility of LPG across the nation. Moreover, it is expected to generate around 200 direct and 2,000 indirect employment opportunities in Mangalore.

Also Read | JSW Infrastructure: Mangalore Container Terminal Expansion Starts Sep 2023

Aegis Logistics A Pioneer in Integrated Oil, Gas, and Chemical Logistics

Since its inception in 1956, Aegis Logistics Ltd. has played a pivotal role in India’s economic evolution. Today, it proudly stands as the country’s premier integrated oil, gas, and chemical logistics company.

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Unmatched Infrastructure: India’s Largest Terminals Network

Aegis Logistics owns and operates India’s largest integrated bulk liquid and LPG terminals situated strategically in Mumbai, Powai, Kandla, Haldia, Mangalore, and the largest private bulk liquid terminal at Kochi. Its global footprint extends with sourcing and trading subsidiaries in Singapore for seamless international operations.

The company terminals boast an expansive storage capacity, with approximately 1.57 million metric tons for chemicals and POL, and a static capacity of around 114,000 metric tons for LPG.

Leadership in LPG Operations

Aegis is at the forefront of LPG import and storage, servicing the needs of large PSUs. Handling almost 25 percent of Indian LPG imports, equivalent to nearly 13 percent of total domestic consumption. Aegis is India’s foremost importer and handler of LPG among private players. The company’s reputation is on the strength of its infrastructure, quality service, and commitment to safety.

For years, Aegis has been a prominent parallel marketer of LPG, commissioning over 130 retail outlets dispensing auto LPG for transport fuel. It collaborates with 150-plus distributors across 18 states, delivering LPG cylinders to thousands of domestic consumers and commercial establishments through a network of over 25 LPG bottling plants.

Also Read | Dedicated Jetty, Cargo & Cruise Terminals for Lakshadweep at the Old Mangalore Port

Aegis: A Commitment to Long-Term Contribution

Aegis Group remains committed to being a dominant and enduring contributor to the oil, gas, and chemicals industry in India. It invites stakeholders to join hands and be part of India’s compelling growth story.

More about Aegis Logistics Ltd.

Also Read | GAIL Mangalore Petrochemicals Plant to be commissioned by March 2025

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