AVTL, the largest Indian third-party owner and operator of tank storage terminals for liquified petroleum gas, has announced a positive final investment decision to build a greenfield terminal for 132,000 cbm LPG and 318,000 cbm liquid products and a LPG bottling plant of 35,000MT capacity in the JNPA port in Mumbai. 

 

This is AVTL's second terminal in the JNPA port which will help grow its market share in servicing a highly industrialised and fast growing hinterland of west and central regions in India. The terminal is expected to be commissioned in phases starting mid 2026, the company said.

 

The full investment amount of EUR170 million will be funded by AVTL. Vopak is a 42.23% shareholder in AVTL and will invest EUR70 million in the project. - TradeArabia News Service