SOURCE: Industrial Info Resources

Industrial Info Resources

December 01, 2010 05:10 ET

India's Aegis Logistics to Invest $90 Million in Oil Terminal Facility at Gujarat's Pipavav Port, an Industrial Info News Alert

BANGALORE, INDIA--(Marketwire - December 1, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Aegis Logistics Limited (BSE:500003) (Mumbai), one of India's leading private-sector port facilities and logistics services providers, has signed an agreement with AP Moller Maersk Terminals Management BV (The Hague, Netherlands) to secure a sub-lease of 100 acres of land for its proposed $90 million oil terminal, which will have a capacity of 600,000 kiloliters, and other allied facilities at the Pipavav port in Gujarat.

In April, Aegis acquired Shell Gas (India) Limited (Navi Mumbai, Maharashtra), a subsidiary of Royal Dutch Shell plc (NYSE:RDS.A) (The Hague). Shell Gas (India) owns an LPG-filling facility in Gujarat and other infrastructure in the Pipavav port.

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