India-based Aegis Logistics plans to invest 750 million rupees (13.3 million) to nearly double its port handling and oil and chemical storage capacity.
The company, which offers sourcing, storage and transport services for oil, chemicals and gas, is considering the purchase of an existing terminal or land at Jawaharlal Nehru Port, Kandla, Vizag and Paradip ports in India.
The company is also bidding for operation and maintenance contracts for running the terminals of oil marketing companies.
Aegis handles about 240,000 kilolitres of oil and chemicals at its facilities in Mumbai.
The company operates 51,000 kilolitres of capacity at Cochin and plans to expand in Mumbai and establish a facility in Haldia to reach 400,000 kilolitres by early 2008.