Aegis Logistics, a gas and liquid fuel logistics player, is looking at expanding presence to the entire energy supply chain as it lines up forays into high-margin segments within the space.
Following an entry into marine bunkering last week, the company is planning to tap the bitumen supply business, while aviation turbine fuel (ATF) supply and joint ventures with oil trading houses are also on the cards.
“We expect revenue from marine bunkering to be around Rs750 crore in the first year of operations and it would be a profitable one,” said SO Malhotra, president, Aegis. The segment is expected to contribute 20% to the company’s topline in the next fiscal.
Aegis has started bunkering from its two terminals in Mumbai and Kochi and would extend these services to its other facilities at Pipavav and Haldia soon.
In the next nine to twelve months, Aegis plans to enter bitumen supply, which is used in infrastructure projects, mainly road construction.
It would cater to this segment through its planned facilities at Kochi, Pipavav and Haldia.
“This will take close to nine to twelve months, starting with Haldia,” said Malhotra. The official said it would be too early to give any revenue estimates for the venture.
The company is also considering entering the ATF supply segment. “We have applied to the Director General of Civil Aviation for the necessary approvals,” said Malhotra, adding the company may look at forming alliances with domestic airlines which want to import ATF.
Aegis is looking to forge some meaningful joint ventures with large oil trading houses in the country to step up pretroleum sector presence.
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