Moneycontrol Bureau
Shares of Aegis Logistics hit a record high of Rs 877 on Thursday, up more than 4 percent on getting land allotment in the port at Kolkata.
Aegis Group on Wednesday announced the allotment of additional two plots aggregating to 9 acres of land at Haldia Port. The land is allotted on a lease for a period of 30 years by Kolkata Port Trust - Haldia Dock Complex.
"The land allotment at Haldia fits well into strategy of adding more terminals and strengthens our presence on the east cost of India," said Anish Chandaria, managing director & CEO.
With this additional land allotment, Aegis Group is continuing its strategy of building a necklace of port terminals around India’s coast line, he added.
Aegis operates a network of bulk liquid terminals, liquefied petroleum gas (LPG) terminals, filling plants, pipelines, and gas stations to deliver products and services.
Haldia Port, a part of Kolkata Port, is located on the Bay of Bengal on the eastern coast and is 104 kilometres downstream of Kolkata.
At 12:45 hours IST, the scrip of Aegis Logistics was quoting at Rs 855, up Rs 13.90, or 1.65 percent on the Bombay Stock Exchange.
Posted by Sunil Shankar Matkar
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