Aegis Logistics to build 20-acre oil storage terminal in India’s Kandla Port
Aegis Logistics Ltd., India’s leading oil, gas and chemical logistics company, has been allotted 15 acres at Kandla Port in Gujarat, India, to build a storage terminal for petroleum products, including lubricants, in addition to the existing five acres that has been allotted to the company in April 2015. The 20-acre land will be leased to Aegis Logistics by the Kandla Port Trust for 30 years.
Part of the Aegis Group, Aegis Logistics Ltd. is India’s leading oil, gas and chemical logistics company.
Commenting on the land allotment, Anish Chandaria, Aegis’ managing director and CEO, said “With the allotment of additional land at Kandla Port we continue to strengthen our presence in Gujarat. A strong presence at Kandla Port is important for us as the port handled approximately 29% of the POL traffic at major ports last year. Kandla Port Terminal is an important part of our strategy to build a necklace of terminals around India’s coastline which will enable us to offer comprehensive facilities at every gateway into and out of India for a large number of cargoes to our customers.”
Kandla is India’s busiest major port located on the Gulf of Kutch on the western coast of India and is 430 nautical miles north of the Mumbai Port.
Aegis Group has five distinct but related business segments, and operates a network of bulk liquid terminals, liquefied petroleum gas (LPG) terminals, filling plants, pipelines and gasoline stations to deliver products and services.
Aegis Group also operates internationally through its sourcing and trading subsidiaries located in Singapore.