Aegis to invest $90 million in oil terminal
Dec 13, 2010 3:14 PM
Aegis Logistics Ltd, one of India’s leading private-sector port facilities and logistics services providers, has signed an agreement with AP Moller Maersk Terminals Management BV to secure a sublease 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, India.
In April 2010, Aegis acquired Shell Gas (India) Ltd, a subsidiary of Royal Dutch Shell plc. Shell Gas (India) owns an LPG-filling facility in Gujarat and other infrastructure in the Pipavav port.
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