Aegis Logistics commissions bulk liquid terminal at Pipavav Port

Aegis Group, a provider of logistics solutions to oil & gas and chemical industry, has commissioned the 70,120-KL bulk liquid terminal at Pipavav port in Gujarat. The Pipavav - Phase I expansion was initiated in February 2013 to set up bulk liquid terminal of 1,20,000 KL and 2,700 MT of gas terminal & was targeted to commission in H2 FY2015. However, the best efforts of in-house project team resulted in advancement of project by six months. Over 50% liquid facilities has now been commissioned with 13 additional tanks operational with a storage capacity totalling to 70,120 KL.
 
Phase I of capacity expansion at Pipavav is a greenfield project to set up bulk liquid terminal with 31 tanks aggregating to the storage capacity of 1,20,000 KL and 2700 MT bulk gas terminal with estimated LPG handling capacity of 1,00,000 MT. With partial commissioning already done, the company is confident that the project would be fully commissioned by H2 FY2015. The expanded facilities at Pipavav Port will enable the company to expand its horizons by catering to market of Northern and North Western hinterlands. The new facilities will store and handle petroleum, chemicals and petrochemical products.
 
The port is close to main maritime trade routes linking Europe & Middle East with Asia giving an opportunity to the Aegis to handle products for the countries from this region as well. With new capacity, Aegis Group will be able to handling liquid volumes of over 3 to 4 million MT and gas volumes of over 750,000 MT.
 
Anish Chandaria, Managing Director & CEO, Aegis Group, said, “The early commissioning of the liquid facilities of the Pipavav – Phase I project will generate additional revenues & profitability for Aegis and also help instill confidence in our customers for a longer term relationship and business for the upcoming Phase II project at Pipavav. The company is continuing its activities towards its mission to build an unrivalled national port infrastructure and distribution network in the oil and gas sector in India.”