Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Aegis Logistics Commissions Phase 1 Of Bulk Liquid Terminal At Haldia

Aegis Logistics Ltd. said its Group announced the successful Phase 1 commissioning of the bulk liquid terminal located at Haldia. The new terminal shall store and handle liquid cargo, furnace oil, lube oil, among others.

The capacity expansion at Haldia is a Greenfield Project to set up bulk liquid terminal with 19 tanks totaling to the storage capacity of 60,190 KL. Now with Phase 1 commissioning, 5 tanks will be operational and will have a storage capacity of 15,100 KL. The company is now confident to commission the balance capacity by Q1FY14.

With this new capacity at Haldia, Aegis Group will be handling liquid volumes of over 2.5 million MT and gas volumes of over 750,000 MT.

The company said the expanded facilities at the Eastern Port should enable it to expand its horizons by catering to market of North-East and Eastern States as well as opportunity to handle products for neighboring countries, namely, Bangladesh, Nepal, etc.

Haldia Port is a part of Kolkata Port, the only reverine major port in India situated on the bank of the Hooghly river, 126 miles from the sea. It serves a vast hinterland consisting of almost the entire country's east and north-east, Nepal and Bhutan.

At the BSE, Aegis Logistics shares are currently trading at Rs.128, up 1.19 percent from the previous close.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
After trending higher over the past several sessions, stocks showed a lack of direction throughout the trading day on Friday before closing roughly flat. A muted reaction to a highly anticipated speech by Federal Reserve Chair Janet Yellen contributed to the lackluster performance. Republican Scott Brown has significantly narrowed the gap in the race against incumbent New Hampshire Sen. Jeanne Shaheen, D-N.H., according to the results of a new WMUR Granite State Poll. On the heels of the violent clashes between local police and protestors in Ferguson, Missouri, Sen. Claire McCaskill, D-Mo., announced that she will hold a Senate hearing in September to examine the militarization of local police departments.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.