AVTL has announced a positive final investment decision to build a greenfield terminal for 132,000 m3 LPG and 318,000 m3 liquid products and a LPG bottling plant of 35,000MT capacity in the JNPA port in Mumbai, India. 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.
Vopak is a 42.23% shareholder in AVTL. The full investment amount of €170 million, of which the Vopak share is €70 million, will be funded by AVTL. AVTL has recently completed an IPO.
