Latest news with #Aegis
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Business Standard
4 days ago
- Business
- Business Standard
Aegis Logistics jumps 5% ahead of announcing Q4 results and dividend
Aegis Logistics share price jumped 4.8 per cent in trade on Thursday, June 19, 2025, logging an intraday high at ₹811.75 per share on BSE. The buying on the counter came ahead of the company's board approving March quarter results and dividend. At 1:17 PM, Aegis Logistics shares were trading 2.07 per cent higher at ₹790.45 per share on the BSE. In comparison, the BSE Sensex was down 0.06 per cent at 81,398.38. The company's market capitalisation stood at ₹27,744.8 crore. Its 52-week high was at ₹1,035.7 per share and 52-week low was at ₹610.5 per share. CATCH STOCK MARKET UPDATES TODAY LIVE Aegis Logistics Q4 results and dividend details Aegis Logistics' board of directors is scheduled to meet today to discuss Q4FY25 results and the final and interim dividend. "The company is scheduled to be held on Thursday, June 19, 2025, inter-alia to consider and approve audited Financial Results (standalone and consolidated) for the quarter and year ended March 31, 2025; to consider and recommend final dividend, if any, on equity shares for the financial year ended March 31, 2025; to consider and declare interim dividend, if any, during the financial year 2025-2026," the filing read. It added: The record date, for the purpose of determining the entitlement of the shareholders for the interim dividend, if declared at the Board Meeting, will be June 25, 2025. ALSO READ | About Aegis Logistics Aegis Logistics Ltd. is India's leading integrated oil, gas and chemical logistics company and one of India's top importers and handlers of LPG amongst private players. The company operates through its Necklace of Liquid and Gas terminals across major ports of India having a storage capacity of 15,70,000 KL for Chemicals & POL and 1,14,000 MT of static capacity for LPG. Aegis Group was founded in 1956 and is headquartered in Mumbai. As a dominant parallel marketer of Liquefied Petroleum Gas (LPG), Aegis has a robust presence in India. The company has a strong spread of Autogas dispensing Retail Outlets along with a wide network of distributors who sell LPG Cylinders and Appliances to Domestic, Commercial, and Industrial customers. Aegis also provides LPG Installation and Interfuel services that maximize the efficiency and cost benefits of LPG to large industries looking to transition from other fuels to LPG.
Yomiuri Shimbun
09-06-2025
- Politics
- Yomiuri Shimbun
Chinese Carrier Sails in EEZ near Minamitori Island; Japanese MSDF Vessels Observe No Dangerous Behavior
Courtesy of the Joint Staff of the Defense Ministry The Chinese Navy aircraft carrier Liaoning is seen in the waters near Iwoto Island on Sunday. The Chinese aircraft carrier Liaoning was sailing on Saturday in waters about 300 kilometers southwest of Minamitori Island, including within Japan's exclusive economic zone around the island, the Defense Ministry has announced. Fighter jets and helicopters are also confirmed to have taken off from and landed on the Liaoning in waters near there on Sunday. An Aegis ship of the Maritime Self-Defense Force was on alert, but no dangerous behavior was observed. This is the first time that the ministry has confirmed and announced the activity of a Chinese aircraft carrier to the east of the 'second island chain' connecting the Izu Islands with Guam, where there are U.S. military facilities. China is deepening its military confrontation with the United States. With a Taiwan contingency in mind, it is said to be formulating a strategy to block the movement of U.S. forces between the second island chain and the first island chain (from southern Kyushu to Taiwan), to prevent them from entering the area to the west of the first island chain, which is closer to China. This time, the carrier was deployed further east across the second island chain. 'China is believed to be planning to improve its aircraft carrier operational capabilities and its ability to conduct operations in the distant sea-air area,' an official of the Joint Staff of the Defense Ministry said. Regarding the Liaoning's movements, the ministry announced May 25 that it had sailed through the East China Sea, about 200 kilometers north of Kuba Island, part of the Senkaku Islands, in Okinawa Prefecture. Fighter jets and helicopters landed on and took off from it, the ministry said. That was the first case in which the ministry announced the landing and takeoff of a ship-borne fighter jet from a Chinese aircraft carrier in the East China Sea. The Liaoning then moved into the Pacific Ocean, passing between Okinawa Island and Miyako Island on May 27. It repeatedly had its ship-borne aircraft land and take off in the waters south of Miyako Island and east of the Philippines. The Liaoning is also accompanied by missile destroyers and a fast combat support ship.
Reuters
02-06-2025
- Business
- Reuters
Vopak and Aegis' joint venture starts trading on Indian stock exchanges
June 2 (Reuters) - Dutch tank storage group Vopak ( opens new tab said on Monday its Indian joint venture, Aegis Vopak (AVTL), has successfully completed its initial public offering (IPO). The transaction will result in an exceptional dilution gain of around 110 million euros ($125.1 million) to be recorded by Vopak in the second quarter, the group said. ($1 = 0.8797 euros)
Yahoo
28-05-2025
- Business
- Yahoo
India's Schloss, Aegis Vopak IPOs fully sold on final day, retail demand subdued
By Hritam Mukherjee (Reuters) -Indian initial public offerings of Leela hotels-owner Schloss Bangalore [ and Aegis Vopak Terminals [ were oversubscribed on Wednesday, hauled across the line by institutional buyers as retail demand floundered. India's IPO market is still finding its legs after a slow start to the year, following blockbuster listings from companies such as Swiggy and NTPC Green in 2024. India's blue-chip Nifty 50 index is up nearly 5% this year but is still more than 5% below record-high levels logged in September 2024, amid uncertainties around global tariffs and worries about their impact to trade. Proceeds from IPOs are down 29% on-year so far this year, while number of issues have dropped 38%, data from LSEG showed. IPO hopefuls, such as LG Electronics India, have either delayed plans or downsized their issue sizes. Schloss issued fresh shares and existing investor Brookfield sold some of its stake in the $409 million IPO. Aegis, a JV of Dutch tank storage group Vopak, only issued new shares in its $328 million offering. Retail investors, who typically look to pocket listing gains, bid for just 83% of their reserved portion in Schloss' books, while Aegis drew just 77%. Institutional buyers, including foreign investors and banks, bid for over seven times the shares allotted for them in Schloss, and over three times their portion in Aegis. "Retail investors and high-net worth individuals recorded lacklustre enthusiasm as they found valuations to be too demanding, especially when markets have still not completely settled and global uncertainty fears loom," said Astha Jain, a research analyst with Hem Securities. Schloss is targeting a valuation of about $1.7 billion, while Aegis Vopak is aiming one at $3.05 billion. Both the firms are slated to start trading on Indian stock exchanges on June 2.
Forbes
27-05-2025
- Business
- Forbes
Making Our Navy Supreme Again
Hyundai Heavy Industries Co., one of the world's largest shipbuilders, is leading the global shipbuilding industry. (Photo by Chung Sung-Jun/Getty Images) It's a true emergency: Our Navy is falling dangerously behind China's. Beijing has been relentlessly building up its naval power. Its purpose is simple: to make global commerce dependent on its goodwill. Freedom of navigation for international seaways has been a U.S. policy fixture for more than two centuries. China firmly intends to end freedom of the seas. It has built numerous islands in and near the South China Sea which are ocean-based military bases. The U.S. just stood by and let this happen. China has been bullying Filipino fishing vessels in international waters that China claims as its own. The message to Indo-Pacific nations: Kowtow to us politically, or your economic well-being will be in serious jeopardy. China now has more naval vessels than the U.S. does. Sure, we have qualitative advantages, but these will be transitory if we don't act quickly—and creatively. Our military shipbuilding is a shadow of what it should be, and our commercial shipbuilding is a farce. China has 700 oceangoing vessels, the U.S. fewer than 300. Chinese shipyards are the largest in the world. In 2023 they had 1,700 ships on order. U.S. shipyards had all of five. The cost of building a commercial vessel in the U.S. is almost five times what it costs in South Korea and Japan. More ominously, American technology lags theirs, and we lack the necessary skilled workforce. South Korea's largest shipbuilder is Hyundai Heavy Industries (HHI). The company is presently constructing a destroyer for Korea's navy that is much like our Aegis destroyers. However, HHI is doing so at less than half the cost and in far less time than the U.S. does. This destroyer is loaded with American parts and technology. As an HHI executive told the Wall Street Journal, 'This is basically a U.S. warship.' Hyundai shipyards are also building naval vessels for New Zealand, the Philippines and Peru. Clearly, the gap between the U.S. and China is too big to close. But there's a solution staring us in the face: Contract with the advanced shipyards in South Korea and Japan to build naval vessels. Of course, we must simultaneously move ahead to vastly improve U.S. shipbuilding. Recently, Huntington Ingalls Industries, America's largest military shipbuilder, and HHI signed a memorandum of understanding to examine opportunities for collaboration on accelerating ship production for defense and commercial projects. HHI and another major South Korean shipyard have received approval for repair and maintenance work on certain U.S. naval vessels. That's all well and good, but given the nature of our naval emergency, we must also start constructing vessels in South Korea and Japan. Under current law, foreign companies are banned from building U.S. naval and commercial ships. But President Trump could issue an exemption on national security grounds. To do its part, Congress should cement that ex- emption into law and should also repeal the Jones Act, a law that in the name of protecting American ship-building has ended up wrecking it.
