Aegis Logistic-In a sweet spot

Stock Opportunities
111

As per this local news article:
”The project envisages dismantling ageing infrastructure and carrying out a comprehensive redevelopment of Berth No. 9 to facilitate handling of liquid bulk cargo such as crude oil, petroleum products (POL), and liquefied petroleum gas (LPG). As part of the modernisation initiative, the berth draft will be enhanced from the existing 10.5 metres to 14 metres, with a future-ready design provision extending up to 19.8 metres. This upgrade will enable the port to accommodate vessels up to 2,00,000 deadweight tonnage (DWT), including very large gas carriers (VLGCs)…………….The construction period is pegged at two years, while the overall concession period will extend to 30 years, including the construction phase.”

So long term infra is being setup for VLGCs, not sure when work will start, but with a 2 year construction period, this should be sometime after FY29. Berth 9 current capacity is 2.2MTPA, which will be upgraded to 10.90 MTPA.

Mangaluru: Centre approves NMPA berth redevelopment to handle larger cargo vessels - Daijiworld.com

1 Like
112

The article is concerning, since it might indicate LPG imports might struggle due to the affects of the Iran war. How this impacts LPG sourcing and throughput through the Aegis terminals, will have a huge impact on revenues of Aegis. Hope in the FY26 Q4 conf call (mostly May end), the management can throw light on the impact on volumes.

LPG supply restoration may take 3-4 years as extent of damage remains unclear, say govt official