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Aegis Logistics Ltd.

BSE: 500003 Sector: Others
NSE: AEGISCHEM ISIN Code: INE208C01025
BSE LIVE 15:40 | 09 Dec 150.00 4.15
(2.85%)
OPEN

146.00

HIGH

154.90

LOW

144.80

NSE LIVE 15:59 | 09 Dec 150.40 3.90
(2.66%)
OPEN

146.75

HIGH

155.00

LOW

144.15

OPEN 146.00
PREVIOUS CLOSE 145.85
VOLUME 79118
52-Week high 173.55
52-Week low 81.00
P/E 43.86
Mkt Cap.(Rs cr) 5010.00
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 146.00
CLOSE 145.85
VOLUME 79118
52-Week high 173.55
52-Week low 81.00
P/E 43.86
Mkt Cap.(Rs cr) 5010.00
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Aegis Logistics Ltd. (AEGISCHEM) - Company History

Aegis Logistics Ltd is a leader in Oil, Gas and Chemical Logistics. The company is engaged in providing logistic solutions for Oil, Gas, Chemicals and Petrochemical Industries. With their strategic locations and indispensable services, Aegis is a key supplier for total supply chain management services to major customers including Oil PSUs. The company presently has three operating port terminals, two in Mumbai and one in Kochi, as well as two state of the art gas terminals at Mumbai & Pipavav through which they handle annually over 2 million MT of Oil, Gas and Petroleum products as well as around 400,000 MT of LPG and Propane gas. Aegis Logistics Ltd was incorporated on June 30, 1956 as a private limited company with the name Atul Drug House Ltd. In the year 1962, the company installed their first plant for the manufacture of formaldehyde and hexamine at Kandla. In the year 1967, they installed another plant at Capi near Bulsar in Gujarat State for the manufacture of 14,400 tonnes of formaldehyde and 540 tonnes of hexamine per annum. In the year 1970, the company installed at Vapi a plant for the manufacture of Pentaerythritol formaldehyde with a capacity of 1,200 tonnes per annum with the technical know-how supplied by Joset Meissner of W.Germany. In September 14, 1976, the name of the company was changed to Atul Chemical Industries Ltd. Also, they became a public limited company. The name of the company was again changed from Atul Chemical Industries Ltd to Aegis Logistics Ltd. In the year 1999, the Petrochemicals Division was hived off to Perstorp Aegis Chemicals Ltd, (PACL) a joint venture company between the company and Perstorp AB, Netherlands. During the year 2007-08, as per the scheme of arrangement (SoA), Throughput Activity Undertaking of Hindustan Aegis LPG Ltd was de-merged and transferred to the company with effect from the appointed date, April 01, 2007. During the year 2008-09, Tapi Finvest India Pvt Ltd was amalgamated with the company. During the year 2009-10, the company entered into a strategic alliance with Essar Oil Ltd which entails a reciprocal arrangement wherein both the companies would sell each other fuels through their retail outlets. In April 1, 2010, the company acquired 100% shareholding in Shell Gas (LPG) India Pvt Ltd. Consequently, SGLIPL became wholly owned subsidiary with effect from April 1, 2010. Also, the name of SCLIPL was changed to Aegis Gas (LPG) Pvt Ltd (AGPL). During the year 2010-11, the company was awarded the Operations & Maintenance (O&M) contract for the product storage and dispatch operations of Bharat Oman Refinery Ltd (BORL) at Bina in Madhya Pradesh signifying the Aegis expertise of the company in Liquid Logistic and Operations & Maintenance. Also, Aegis Gas (LPG) Pvt Ltd (AGPL), the wholly owned subsidiary of the company acquired 100% equity shares of Hindustan Aegis LPG Ltd (HAL PG), from its erstwhile shareholders. Consequently, HAL PG ceased to be an associate and became a wholly owned subsidiary of AGPL. In November 2010, the company entered into a major deal with APM Terminals Pipavav to avail on sub-lease close to 100 acres of land for building a global oil and petrochemicals storage complex. The company will invest up to Rs 400 crore ($90m) in building a 600,000 KL oil terminal complex in Port Pipavav. With the announcement of this project, the company's liquids capacity will rise from 300,000 KL to over 1 million KL. The company's strategy of building a 'necklace' of port terminals around India's coastline from Pipavav to Haldia to Kochi, inland oil terminals to service the national oil companies and developing a retail distribution network for the LPG business is proceeding at a steady pace.

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