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

0 Articles
Editors Pick
Retailers could see record web traffic this year as more consumers then ever before plan to shop online, according to Deloitte's 31st annual holiday survey of consumer spending intentions and trends. The survey found that holiday shoppers this year plan to spend just as much as online as they spend in brick and mortar stores. Oil giant Chevron Corp. on Friday reported a 37 percent decline in profit for the third quarter from last year, reflecting lower oil prices and weak refining margins. However, both revenue and earnings per share for the quarter beat analysts' estimates. In addition, the company raised its quarterly dividend. Mastercard Inc. (MA) reported a profit for the third quarter of 2016 that increased about 21 percent from the year-ago period, while it was up 15% excluding a special item related to the termination of the U.S. employee pension plan taken in last year's third quarter. Both earnings per share and revenue for the quarter beat analysts' expectations.
comments powered by Disqus
Follow RTT