AVTL's New Terminal Initiative in India
AVTL has announced an exciting development, as the company prepares to construct a greenfield terminal at the JNPA port in Mumbai. This new facility is set to enhance AVTL's position as a leading player in the market for liquefied petroleum gas (LPG) and other liquid products. The decision reflects AVTL's commitment to meeting the needs of a dynamically growing industrial market in India.
Project Overview
The new terminal will boast a storage capacity of 132,000 cubic meters for LPG and 318,000 cubic meters for other liquid products, alongside a bottling plant with a remarkable capacity of 35,000 metric tons. This strategic project signifies AVTL’s response to the increasing demand within the industrial sector, particularly in the West and Central regions of India.
Investment Plans
With a full investment amounting to EUR 170 million, of which EUR 70 million corresponds to Vopak's share, AVTL is set to navigate the financing of this significant venture independently. This financial commitment underscores the company’s strategic prioritization of expanding its operational footprint in crucial markets.
Market Growth Potential
The terminal's commissioning, expected to unfold in phases beginning mid-2026, presents considerable growth potential for AVTL. The initiative is viewed as an essential step towards solidifying its market share and enhancing service capabilities for a more industrialized hinterland.
About AVTL
AVTL claims the title of the largest third-party owner and operator of tank storage terminals in India regarding capacity for LPG and liquid products. Operating a network of terminals across six Indian ports, AVTL is instrumental in facilitating the storage and distribution of these essential resources.
Key Stakeholders
Vopak, holding a 42.23% stake in AVTL, is a significant partner. Their global growth strategy revolves around developing industrial and gas infrastructure necessary for advancing energy solutions. This collaboration fortifies AVTL's strategic initiatives as Vopak remains dedicated to supporting energy transition through innovative solutions.
Vopak's Global Vision
Vopak is a steadfast advocate for world connectivity, providing infrastructure solutions that support the flow of vital liquids and gases globally. With more than four centuries of history, Vopak has adapted and transformed in multiple facets of the energy industry, focusing on safety, reliability, and efficiency. Their dedication to sustainable infrastructure, including low-carbon fuels, demonstrates a forward-thinking approach towards future energy needs.
Contact Information
For further inquiries regarding this initiative, you can reach out to Vopak's Press Manager, Liesbeth Lans, at global.communication@vopak.com. Additionally, investors and analysts can contact Fatjona Topciu, Head of Investor Relations, for further insights into AVTL's strategic endeavors and foresight in the market.
Frequently Asked Questions
What is AVTL planning to build in Mumbai?
AVTL is planning to develop a greenfield terminal at the JNPA port that will handle LPG and liquid products.
What is the purpose of the new terminal?
The terminal aims to boost AVTL’s market share and service capabilities in response to increasing demand in the industrial sector.
How much is the investment for the new terminal?
The total investment for the terminal is EUR 170 million, with a share of EUR 70 million from Vopak.
When is the expected completion date for the terminal?
The terminal is anticipated to be commissioned in phases starting from mid-2026.
Who is leading the development project?
AVTL is spearheading the development project, supported by significant investment from Vopak, a partner in the initiative.
