India's Aegis Logistics to Invest $90 Million in Oil Terminal Facility at Gujarat's Pipavav Port

BANGALORE, INDIA--December 1, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--Aegis Logistics Limited (BSE:500003) (Mumbai), one of India's leading private-sector port facilities and logistics services providers, has signed an agreement with AP Moller Maersk Terminals Management BV (The Hague, Netherlands) to secure a sub-lease of 100 acres of land for its proposed $90 million oil terminal, which will have a capacity of 600,000 kiloliters, and other allied facilities at the Pipavav port in Gujarat. Confirming media reports, Anish Chandaria, the managing director and CEO of Aegis Logistics, indicated that the oil terminal and associated infrastructure would help in augmenting the importing and exporting of oil, gas and petrochemical products. The investment funds would be raised through a debt-equity ratio of 40:60.

Other companies featured: Motilal Oswal Financial Services Limited (BSE:532892), Centrum Capital (BSE :501150), Royal Dutch Shell plc (NYSE:RDS.A)