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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 RTTNews Staff Writer

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