Gujarat Pipavav Port Shares Rise 1.5% on 5-Yr ONGC Deal

Shares of Gujarat Pipavav Port Ltd rose 1.5% to hit a day’s excessive of Rs 157.88 on twenty fifth September. This occurred after the agency introduced it had obtained a letter dated twenty fourth September, 2025, from ONGC. The letter awarded a contract to rent port and storage services at Pipavav Port. The contract will run for 5 years, commencing on 1st October 2025.

The corporate acknowledged that this notification will end in a proper settlement with ONGC. Gujarat Pipavav Port will present marine assist and storage services as ONGC units up its offshore provide base on the port.

For the quarter ended thirtieth June, 2025, Gujarat Pipavav Port reported a 4.8% year-over-year decline in consolidated web revenue to Rs 104.3 crore from Rs 109.6 crore in the identical interval a 12 months earlier. Income from operations rose 1.8% to Rs 250.4 crore from Rs 246 crore, supported by blended cargo efficiency.

EBITDA slipped 1% to Rs 148 crore from Rs 150 crore, and the working margin narrowed to 59.1% from 60.8%. Container volumes fell 1% on decrease Exim demand, whereas bulk cargo grew 1% on increased mineral shipments.

Liquid cargo volumes jumped 21% on stronger LPG dealing with. Moreover, roll-on/roll-off (RoRo) volumes rose 11% with increased dispatches from unique gear producers (OEMs).

At 11:43 AM, the shares of Gujarat Pipavav Port had been buying and selling 1.43% increased at Rs 155.40 on NSE.

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