Aegis Logistics allotted 3 acres land at Mangalore port.

Aegis Logistics recently said it has been alloted three acres land at Mangalore Port to build a storage terminal.

'The land is allotted on a lease for a period of 30 years 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 per cent of POL traffic handled by Major Ports,' the company said in a statement.

With this allocation, Aegis Logistics will expand its presence to six ports in India - Mumbai, Pipavav, Kandla, Kochi, Haldia, and New Mangalore -- it said adding, these ports together manage 70 per cent of POL Traffic handled by the major ports in India.

Anish Chandaria, Group MD and CEO said: 'Aegis Group is continuing with its strategy of building a necklace of terminals along the Indian coastline. 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.'

Mangalore Port is a modern all-weather port situated at Panambur, Mangalore in Karnataka on the West Coast of India, South of Mormugao and North of Cochin Port.

Aegis Logistics is an oil, gas, and chemical logistics company. The company has five distinct but related segments, and operates a network of bulk liquid terminals, liquefied petroleum gas (LPG) terminals, filling plants, pipelines, and gas stations to deliver products and services.


ET