November 10, 2025 [MSN]- Aegis Vopak Terminals Ltd. is set to expand its operations in West Bengal’s Haldia after it announced the acquisition of a group company handling liquified petroleum gas storage.

The board on Wednesday approved the purchase of a 75% equity stake of Hindustan Aegis LPG Ltd. from promoter Aegis Gas (LPG) Pvt. and Vopak India BV for Rs 1,130 crore, according to a stock exchange filing.

The acquisition of HALPG will position Aegis Vopak Terminals to expand its terminalling business at the Haldia location, particularly in LPG storage, bottling, and terminalling activities, the filing said.

HALPG was incorporated in 1994 and is engaged in the storage and terminalling of LPG and allied products. The company had a turnover of Rs 168 crore in the financial year 2025.

The transaction will be completed by Jan. 15, 2026.

Aegis Vopak Terminals is a joint venture between domestic firm Aegis Logistics Ltd. and Royal Vopak of the Netherlands. It operates 20 tank terminals across six key ports like Haldia, Kandla and Pipavav in Gujarat, Mangalore in Karnataka, Kochi in Kerala and an upcoming one in JNPT near Mumbai.

The total storage capacity stands at 1.7 million cubic metres for liquid storage and 201K metric tonnes for LPG.

Aegis Vopak Terminals’ share price traded 1% lower on the NSE, compared to a 0.5% advance in the benchmark Nifty 50.

The company raised Rs 2,800 crore via an IPO in May. Since listing, the stock has gained 15%.

The company claims to hold a leading position in the LPG storage sector in India, accounting for around 12% of the country’s total static LPG storage capacity. In the liquid products segment, it is the largest third-party tank storage company, contributing approximately 25.53% of India’s total third-party liquid storage capacity.