Aegis Logistics’ arm gets nod to acquire specialised storage terminals at Mangalore

Aegis Logistics’ subsidiary — Aegis Vopak Terminals has received approval from board of directors for acquisition of the specialised storage terminals at Mangalore, thereby resulting in capacity addition at its facilities at Mangalore. 

The acquired capacity will be operative immediately and additional capacity under construction is expected to come on stream in a phased manner by the end of FY25. The project will entail an investment of up to Rs 75 crore for acquired capacity and up to Rs 50 crore for additional capacity under construction.

Aegis Logistics is India’s leading oil, gas and chemical logistics company.

Source link