India Ratings Revises Aegis Logistics Outlook To 'Positive' On Capacity Ramp-Up

Aegis Logistics Ltd. on Saturday said India Ratings and Research has revised its outlook on the company's ₹7.20 billion worth of bank facilities to positive from stable, while affirming the credit rating at AA. The revised outlook, announced on Friday, reflects expectations of improved operational scale driven by recent and upcoming capacity additions to meet growing demand for liquid and LPG storage in India.

As per India Ratings, Aegis’s operational liquid capacity currently stands at 1.9 million kilolitres and its LPG static capacity at 199,000 tonnes. The company plans to expand its liquid storage by 176,000 kilolitres and LPG capacity by 48,000 tonnes at Pipavav between 2025-26 and 2026-27. Additionally, it aims to build an ammonia terminal with 36,000 tonnes of static storage at an estimated capex of ₹5.3 billion.

The rating agency noted that Aegis’s consolidated EBITDA rose to ₹11.0 billion in 2024-25, and is expected to rise further as new capacities ramp up.