<p data-path-to-node="4" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><b data-path-to-node="4" data-index-in-node="0" style="line-height: 1.15 !important;">PIPAVAV — Strategic Addition of India’s First Independent Ammonia Terminal Bolsters Fertilizer Supply Chains and Clean Energy Transition Infrastructure</b></p><p data-path-to-node="5" id="p-rc_cfb74492702a143b-97" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><span class="citation-148 citation-end-148" style="line-height: 1.15 !important;">Leading integrated oil, gas, and chemical logistics operator Aegis Logistics Limited has officially commissioned a state-of-the-art specialized ammonia storage and terminalling facility at Pipavav Port in Gujarat.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c717954970="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c717954970="" class="superscript" data-turn-source-index="3" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> <span class="citation-147 citation-end-147" style="line-height: 1.15 !important;">Developed with a static storage capacity of 36,000 metric tonnes, the project marks a significant milestone as India’s first independent third-party liquid ammonia terminal, adding high-capacity chemical infrastructure to the country's western maritime trade gateway.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c717954970="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c717954970="" class="superscript" data-turn-source-index="4" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2510184733="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c2510184733="" _nghost-ng-c615924515="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><h3 data-path-to-node="6" style="font-family: &quot;Google Sans&quot;, sans-serif !important; line-height: 1.15 !important;"><b>Corporate Structure and Project Investment</b></h3><p data-path-to-node="7" id="p-rc_cfb74492702a143b-98" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><span class="citation-146 citation-end-146" style="line-height: 1.15 !important;">The brownfield terminal facility was engineered and constructed by Aegis Logistics on behalf of Aegis Terminal (Pipavav) Limited (ATPL), a step-down subsidiary under the joint venture umbrella of Aegis Vopak Terminals Limited (AVTL).<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c717954970="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c717954970="" class="superscript" data-turn-source-index="5" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> <span class="citation-145 citation-end-145" style="line-height: 1.15 !important;">The capital commitment under the project framework stands at approximately ₹525 crore ($55 million USD), supported by strategic global partners including Netherlands-based Royal Vopak and Japan's Itochu Corporation.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c717954970="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c717954970="" class="superscript" data-turn-source-index="6" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2510184733="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c2510184733="" _nghost-ng-c615924515="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><p data-path-to-node="8" id="p-rc_cfb74492702a143b-99" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><span class="citation-144 citation-end-144" style="line-height: 1.15 !important;">Following formal stock exchange filings confirming operational commissioning, ownership of the asset is scheduled to be transferred to ATPL via a dedicated Business Transfer Agreement, consolidating liquid chemical logistics operations under the specialized subsidiary.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c717954970="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c717954970="" class="superscript" data-turn-source-index="7" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2510184733="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c2510184733="" _nghost-ng-c615924515="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><h3 data-path-to-node="9" style="font-family: &quot;Google Sans&quot;, sans-serif !important; line-height: 1.15 !important;"><b>Anchoring National Agricultural and Industrial Supply Chains</b></h3><p data-path-to-node="10" id="p-rc_cfb74492702a143b-100" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><span class="citation-143 citation-end-143" style="line-height: 1.15 !important;">The new terminal is purpose-built to address rising domestic import demand for ammonia—a critical raw input for India's agricultural fertilizer and chemical manufacturing sectors.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c717954970="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c717954970="" class="superscript" data-turn-source-index="8" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> <span class="citation-142 citation-end-142" style="line-height: 1.15 !important;">The facility is backed by a 15-year take-or-pay commercial agreement with Hindustan Zinc to supply raw materials for its planned diammonium phosphate (DAP) fertilizer facility.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c717954970="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c717954970="" class="superscript" data-turn-source-index="9" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2510184733="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c2510184733="" _nghost-ng-c615924515="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><p data-path-to-node="11" id="p-rc_cfb74492702a143b-101" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;">Equipped with direct connections to Pipavav Port’s liquid cargo jetties, automated gantry setups, and multi-bay road tanker and rail-loading gantries, the terminal provides seamless multimodal hinterland dispatch. <span class="citation-141 citation-end-141" style="line-height: 1.15 !important;">Beyond immediate fertilizer feedstock supply, the facility is positioned as a strategic hub for potential future green ammonia handling and zero-carbon hydrogen carrier dispatches along major Indian Ocean trade corridors.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c717954970="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c717954970="" class="superscript" data-turn-source-index="10" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2510184733="" style="line-height: 1.15 !important;"></sources-carousel-inline></p>