The liquid storage & logistics business is all set to undergo a transformation in the country with the recent JV announced by Aegis Logistics with Royal Vopak of the Netherlands, World’s leading Tank storage Co. The JV signifies that the next few years will see an influx of many foreign players into the country to set up plants requiring tankage storage.
https://www.vopak.com/tank-storage
What the Aegis Vopak JV will do is establish valuation benchmarks for the liquid storage industry. Stolt Neilson already holds 10% stake in Ganesh Benzoplast & Vopak’s entry into the India will certainly hasten the process of Stolt consolidating its position in Ganesh by upping its stake. The business itself will expand with both these multi nationals looking for increased market share.
Another interesting discussion emerged in the investor concall of Aegis Logistics. The Aegis promoter clearly stated that going forward the business was not going to be limited to the ports, but would grow into inward logistics offering better value to the customer. Ganesh Benzoplast has only recently acquired the rail logistics Co., that was earlier being run as a JV partnership between its promoters in their individual capacity with Stolt. This internal logistics business is set to grow rapidly over the coming years.