Aegis Logistics to set up storage terminal at Mangalore port

Aegis Group, a logistics service provider for oil, gas and chemical industries, will build a storage terminal on the allotted 3 acres of land at Mangalore port, Karnataka. The land is allotted on a lease for a period of 30 years by New Mangalore Port Trust.
 
New Mangalore port ranks third in terms of POL (petroleum, oil & lubricants) traffic handled among major ports in India. In FY15, New Mangalore port catered 12 percent of POL traffic handled by major ports.
 
With this land allocation, Aegis Logistics will expand its presence to six ports of India - Mumbai, Pipavav, Kandla, Kochi, Haldia, and New Mangalore. These ports together manage 70 percent of POL traffic handled by the major ports in India.
 
Anish Chandaria, managing director & CEO, Aegis Group, said, “Aegis Group is continuing with its strategy of building a necklace of terminals along the Indian coastline. With addition of Mangalore port, Aegis Group has entered another major port in India taking its presence to six ports. 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, on the west coast of India, 170 nautical miles south of Mormugao & 191 nautical miles north of Cochin port.