KKR to Make Majority Investment in Cisternina Logistics to Build Liquid Storage Platform, Anchored by Ganesh Benzoplast's Port Tank Farm Business
KKR has announced a majority investment in Cisternina Logistics Pvt Ltd, a bulk liquid and gas storage and logistics business in India. The investment amount was not disclosed. KKR is investing through its Asia Pacific infrastructure strategy. Cisternina was established in 2024 and aims to serve customers in the energy, chemicals, bulk liquids and edible-oil sectors.
The investment supports Cisternina's proposed acquisition of the liquid storage terminal and rail business of Ganesh Benzoplast Limited (GBL). This will be the platform's anchor asset. GBL's tank farm at Jawaharlal Nehru Port was established in the early 1990s. The business has about 500,000 kilolitres of operating and under-construction storage capacity across Jawaharlal Nehru Port, Cochin and Goa.
Cisternina plans to scale through acquisitions, brownfield expansion and greenfield development of new storage infrastructure across India. The company describes the liquid storage market as fragmented, with few scaled, multi-location operators. It also plans to invest in management capabilities, governance, operating systems and safety standards.
The source does not give the sites, capacities or timelines for the planned brownfield and greenfield terminals. It also does not give the value of the GBL acquisition or a completion date for it.
