Aegis Vopak Terminals Management Guidance Tracker

8 forward-looking guidance items tracked across 2 quarters.

Capex

Q3 FY26Capex roadmap of $5 billion by 2030Tracked

Management outlined a capital expenditure roadmap of approximately $5 billion to be achieved by 2030, financed through internal accruals and disciplined debt use.

Q4 FY26Capex of ~$1.2 billion by end of FY27, ~₹5,000 crore in FY28Tracked

Aggregate capex will reach approximately $1.2 billion by end of FY27, with FY28 capex expected around ₹5,000 crore.

Expansion

Q3 FY26JNPT first phase liquid capacity online in Q1 FY27Active

First phase of new liquid capacity at JNPT (part of ₹1,675 crore project) scheduled to come online in Q1 of FY27.

Q3 FY26Kandla-Gorakhpur LPG pipeline operational by June 2026Tracked

The Kandla-Gorakhpur LPG pipeline is expected to be connected by June 2026, enabling significant throughput increase.

Q4 FY26JNPT liquid expansion first phase operational in Q1 FY27Active

First phase of 318,100 cbm liquid expansion at JNPT expected to be operational in Q1 FY27, contributing from Q2.

Q4 FY26Pipavav ammonia terminal commissioning in H1 FY27Active

India's first independent ammonia terminal at Pipavav (36,000 MT) expected to be commissioned in H1 FY27.

Other

Q3 FY26Debt gearing ratio maintained at 0.6xActive

Management committed to maintaining a debt gearing ratio of 0.6 times and overall leverage not exceeding 3.5 times EBITDA.

Growth

Q4 FY26Throughput growth guidance of 30-40% YoY for FY27Active

Management expects throughput to grow 30-40% year-on-year in FY27, consistent with historical trends.