| Liquid Terminal Division | Storage and handling of bulk liquid products including petroleum, vegetable oils, lubricants, and chemicals at major Indian ports. | Strategic port locations, multimodal connectivity, and established client relationships. | B2B clients such as chemical companies, oil marketing firms, exporters, and traders. | Value-added services and efficiency gains in newer terminals. | 345 | 56 | Revenue from storage fees, throughput charges, and service contracts. | Long-term contracts, throughput-based charges, and tariff-based pricing models. | Expansion at JNPA, Kandla, Mangalore; increased throughput; demand for chemical and edible oil storage. | |
| Gas Terminal Division | Storage and handling of LPG and gases including propane, butane with cryogenic facilities at multiple Indian ports. | Largest LPG storage capacity, exclusive agreements, rail gantry and pipeline connectivity. | B2B customers including LPG marketers, industrial gas users, and oil companies. | Cryogenic LPG storage and long-term contract-backed services. | 276 | 44 | Revenue from storage fees, long-term take-or-pay contracts, and bottling agreements. | Predominantly long-term contracts with fixed minimum revenue commitments. | Acquisition of HALPG, new LPG capacity at Mangalore and Pipavav, rising LPG consumption in India. | |
