AVTL has announced a positive final investment decision (FID) to build a greenfield terminal for 132 000 m3 of LPG and 318 000 m3 liquid products and an LPG bottling plant of 35 000 t capacity in the Jawaharlal Nehru Port Authority (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.
The full investment amount of €170 million, of which the Vopak share is €70 million, will be funded by AVTL. Vopak is a 42.23% shareholder in AVTL. Vopak’s global growth strategy includes industrial and gas infrastructure, and infrastructure needed for the energy transition.