On Monday the oil, gas and chemical logistics company Aegis Group said that it has been allotted land at Kandla Port for the purpose of building a major new port terminal.

In a regulatory filing the group said, the five acre land has been allotted on lease for a period of 30 years by Kandla Port Trust.

“Aegis Group is continuing its strategy of building a necklace of port terminals around India’s coast line. Once constructed, this will represent Aegis’s terminal at a fifth port,”  Anish Chandaria company’s Managing Director and CEO said.

“We continue to add more terminals to our portfolio so that we can offer our customers logistics services throughout India at every gateway into and out of India. Kandla will add to our strength in Gujarat along with our large Pipavav Port terminal,” he added.