India-based oil, gas and chemical logistics company Aegis Logistics is to establish three import terminals at shipping ports across the coastal region in the country to handle petroleum, oil and lubricants.
Aegis is expected to invest around Rs 180- 200 crore (27.9- 31.6 million) to set up the terminals.
On an average, each import terminal, with a capacity to handle petroleum and chemicals, would cost around Rs 60 crore, Anish Chandaria, MD of Aegis, says.
The terminals will be located in Haldia Port in West Bengal with the othr two still under discussion, which may include Mangalore and Chennai ports.
Presently Aegis operates two import terminals in Mumbai and Cochin to handle petroleum and chemicals. In Mumbai, the company has a capacity of 2,72,000 kl for chemicals, petroleum products and liquefied gases. In Kochi, its capacity stands at 51,000 kl. The company's customers include Reliance and government-owned oil market companies Bharat Petroleum and Hindustan Petroleum.
The company, through this centre, has been importing, marketing and distributing about 3.5 lakh mt of bulk LPG and propane annually to its customers in the western region.