AVTL to develop new terminal in JNPA, India

Group 1 - AVTL announced a positive final investment decision to build a greenfield terminal for 132k cbm LPG and 318k cbm liquid products, along with a LPG bottling plant of 35,000MT capacity in JNPA port, Mumbai [1] - This terminal will be AVTL's second in JNPA port, aimed at increasing market share in the industrialized and fast-growing regions of West and Central India, with commissioning expected to start in mid-2026 [1] - The total investment for this project is EUR 170 million, with Vopak's share being EUR 70 million, funded by AVTL [2] Group 2 - AVTL is the largest third-party owner and operator of tank storage terminals for liquefied petroleum gas and liquid products in India, operating across six Indian ports [3] - Vopak holds a 42.23% stake in AVTL and is focused on global growth strategies that include industrial and gas infrastructure, as well as energy transition infrastructure [2][4] - Royal Vopak has been providing storage and infrastructure solutions for vital products for over 400 years, emphasizing safety, reliability, and efficiency in supporting the energy transition [4]