Gujarat Pipavav Port Share Price Live

History

Gujarat Pipavav Port Ltd (GPPL) offers port terminal services and is operated by its promoter company, APM Terminals, especially after 2005, when APM Terminals bought controlling stakes in the company. In 2000, the PRCL or Pipavav Railway Corporation Ltd was formed, and it was the first PPP project of GPPL with Indian Railways. In 2003, the port got rail connectivity through a joint venture with Indian Railways. In 2006, the company pioneered the use of double-stack container rakes in India. Later, in July 2013, Gujarat Pipavav Port announced that it had upgraded its infrastructure to carry double-stack high cube containers.

The company was listed on the Indian stock exchanges in 2010. Port Pipavav set a new national record in July 2012 by handling 14 container trains in a day. This is by far the largest number of container trains handled in a day by any Container Terminal in India. On September 21, 2012, the company announced the commencement of wheat cargo shipment for the Indian government. In 2014, the company started liquid cargo operations.

On June 9, 2016, APM Terminals Pipavav announced the successful completion of its capacity expansion project. In 2020, APM Terminals Pipavav’s board approved a major expansion plan to handle bigger ships and increase container capacity to 1.6 million TEU. The company commissioned a rooftop-based solar plant with a capacity of 1000 KWp in 2023.

Business Segments

Technically, the company operates in only one major business segment, i.e. ‘Port Services’. The company offers the following types of services in cargo handling in ports:

1. Yard and Gate – This involves the repositioning of cargo and orderly entry of cargo.
2. Customs Clearance – This involves providing a customs examination facility, direct port delivery and RMS port delivery.
3. Transportation – This involves arranging inland transportation via road and rail.
4. Storage & Warehouse – This involves providing a modern storage infrastructure, including a buffer yard.
5. Data Services – The company provides an API store for better client logistics data handling.

Subsidiaries

The company does not have any subsidiaries as of March 31, 2023.

Key Personnel

Mr Girish Aggarwal, Managing Director

Mr Aggarwal joined APM Terminal in January 2023. He had earlier worked at Maersk Global Service Centres in various capacities, including as the Chief Financial Officer. Before that, he had also worked as a VP in Genpact.

Corporate Actions

The company has not performed any major corporate actions in the recent past.