Aegis Logistics, a leader in oil, gas and chemical logistics, today announced the allotment of 3 acres of land at Mangalore Port to build a storage terminal. The land is allotted on a lease for a period of 30years by New Mangalore Port Trust.
New Mangalore port ranks 3rd, in terms of POL traffic handled among Major Ports of India. In FY15 New Mangalore port catered 12% of POL traffic handled by Major Ports.
With this land allocation, Aegis Logistics will expand its presence to Six Ports of India - Mumbai, Pipavav, Kandla, Kochi, Haldia, and New Mangalore. These ports together manage 70% of POL Traffic handled by the Major Ports in India.
Commenting on the land allotment, Anish Chandaria, Managing Director & CEO said, ''With addition of Mangalore port, Aegis Group has entered another major port in India taking its presence to six ports. The land allotment at Mangalore fits well with its strategy to add more terminals to our portfolio, offering its customers logistics services throughout India at every gateway into and out of India.''
Shares of the company declined Rs 0.1, or 0.11%, to trade at Rs 87.35. The total volume of shares traded was 132,295 at the BSE (3.14 p.m., Monday).
