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The board of directors of Aegis Logistics on Thursday approved a company strategy to build a necklace of terminals around India’s coastline. Accordingly, the company said it would set up a 25,000 tonne LPG storage terminal at Haldia Port at a maximum cost of ₹250 crore. The terminal is expected to be operational in 15 months and will be financed out of internal accruals. The group handles over 700,000 tonnes of LPG a year and is eyeing growth.
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