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.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=169887, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to petroleumterminalsgroup@industrialinfo.com or visit our website at www.industrialinfo.com.

Follow us on: Facebook - Twitter - LinkedIn - Vimeo