AVTL has announced a EUR 170 million investment to construct a new LPG and liquid products terminal at JNPA in Mumbai, aimed at enhancing its market presence in a rapidly growing sector.
Information on the Target
AVTL has made a significant investment decision to develop a new greenfield terminal at the Jawaharlal Nehru Port Authority (JNPA) in Mumbai, India. This terminal will have a capacity of 132,000 cubic meters (cbm) for liquefied petroleum gas (LPG) and 318,000 cbm for other liquid products, in addition to a bottling plant with a capacity of 35,000 metric tons (MT). This project marks AVTL's second terminal at the JNPA port and aims to enhance its market presence in servicing the rapidly industrializing West and Central regions of India. The terminal is expected to be commissioned in phases beginning mid-2026.
The total investment for this project amounts to EUR 170 million, with EUR 70 million accounted for by Vopak, AVTL's major shareholder. AVTL has recently completed an initial public offering (IPO), further strengthening its financial positioning for this ambitious venture.
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Industry Overview in India
The Indian storage and logistics market has been experiencing robust growth over the past few years, driven by urbanization, rising industrial activity, and increasing demand for energy and
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Disclosed details
Transaction Size: $170M
Equity Value: $70M