Aegis Logistics edges higher on commissioning Phase I of Bulk Liquid Terminal at Haldia

08 Apr 2013

Aegis Logistics is currently trading at Rs 127.50, up by 1.00 points or 0.79% from its previous closing of Rs 126.50 on the BSE.

The scrip opened at Rs 127.50 and has touched a high and low of Rs 128.95 and Rs 127.40 respectively. So far 3611 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 210.70 on 07-Dec-2012 and a 52 week low of Rs 110.05 on 27-Jul-2012.

Last one week high and low of the scrip stood at Rs 141.50 and Rs 125.65 respectively. The current market cap of the company is Rs 425.85 crore.

The promoters holding in the company stood at 62.43 % while Institutions and Non-Institutions held 7.02 % and 30.55 % respectively.

Aegis Logistics has successfully commissioned Phase 1 of the Bulk Liquid Terminal located at Haldia. The capacity expansion at Haldia is a Greenfield Project to set up Bulk Liquid Terminal with 19 tanks totaling to the storage capacity of 60,190 KL. Now with Phase 1 commissioning, 5 tanks will be operational and will have a storage capacity of 15,100 KL. The company is confident to commission the balance capacity by 1Q FY2014.

New Terminal shall store and handle liquid cargo, furnace oil, lube oil, etc. With this new capacity at Haldia, Aegis Group will be handling liquid volumes of over 2.5 million MT and gas volumes of over 750,000 MT.

The expanded facilities at the Eastern Port shall enable the company to expand its horizons by catering to market of North-East and Eastern States as well as opportunity to handle products for neighboring countries, viz. Bangladesh, Nepal, etc.

Aegis is a leader in oil and gas logistics. The services provided by the company include sourcing of product, storage and port operations, arranging road and pipeline movement, shipping, and integrated supply chain management. The company also charges its customers for using various other facilities like jetty operations, unloading and loading.

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Aegis Logistics Share Price

327.00 2.75 (0.85%) May 17, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323