Aegis Logistics expanding port handling, storage capacity

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

28 Sep 2007

 Aegis Logistics Ltd. plans to invest 750 million rupees to almost double its port handling and oil and chemical storage capacity in 18 months, a top official said on Tuesday. The company, which offers sourcing, storage and transport services for oil, chemicals and gas, was also looking to buy an existing terminal or land at Jawaharlal Nehru Port, Kandla, Vizag and Paradip ports, Managing Director S.K. Hazra told Reuters. The company is also bidding for operation and maintenance contracts for running the terminals of oil marketing companies. he said. Aegis handles about 240,000 kilolitres of oil and chemicals at its facilities in Mumbai. It is also operationalising its 51,000 kilolitre capacity at Cochin and plans to expand in Mumbai and set up a facility in Haldia to reach 400,000 kilolitres in 18 months, he said.