Aegis Logistics moves up on the BSE

07 Apr 2014

Aegis Logistics is currently trading at Rs. 169.95, up by 1.20 points or 0.71% from its previous closing of Rs. 168.75 on the BSE.

The scrip opened at Rs. 172.00 and has touched a high and low of Rs. 173.00 and Rs. 166.70 respectively. So far 3232 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 187.95 on 02-Jan-2014 and a 52 week low of Rs. 100.25 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 176.00 and Rs. 165.95 respectively. The current market cap of the company is Rs. 556.78 crore.

The promoters holding in the company stood at 62.43% while Institutions and Non-Institutions held 6.93% and 30.64% respectively.

Aegis Group, a leader in oil, gas and chemical logistics has successfully 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 & 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 totaling to 70,120 KL. 

The Phase I of capacity expansion at Pipavav is a green-field 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 shall enable the company to expand its horizons by catering to market of Northern and North Western Hinterlands. The new facilities shall store & handle Petroleum, Chemicals and Petrochemical products. 

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.

Related Aegis Logistics Ltd. Links:

Aegis Logistics Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323