logo
Share SHARE
FONT-SIZE Plus   Neg

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

More Breaking News

1 Articles
Editors Pick
American Airlines Group said pilots at its subsidiaries American Airlines and US Airways, represented by Allied Pilots Association, have approved a new five-year contract which provides immediate pay raises of 23 percent and subsequent annual raises of three percent for the next five years. LEGO Group, TT Games and Warner Bros. Interactive Entertainment have announced their 2015 slate of video games, including LEGO Jurassic World, LEGO Marvel's Avengers, and as well as new hand-held and mobile titles. Social-networking giant Facebook, Inc. is said to be testing their new 'Place Tips' feature for iOS users that will rival a similar service being provided by Yelp or Foursquare. The feature will provide the user relevant content about their location as long as they are there through pop ups on their news feed page of Facebook.
comments powered by Disqus
Follow RTT