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Gujarat Pipavav Port Ltd.

BSE: 533248 Sector: Others
NSE: GPPL ISIN Code: INE517F01014
BSE LIVE 15:58 | 17 Nov 131.00 -3.55
(-2.64%)
OPEN

134.70

HIGH

136.60

LOW

129.95

NSE 15:59 | 17 Nov 131.85 -3.15
(-2.33%)
OPEN

136.05

HIGH

136.95

LOW

130.60

OPEN 134.70
PREVIOUS CLOSE 134.55
VOLUME 2756761
52-Week high 179.00
52-Week low 121.20
P/E 27.46
Mkt Cap.(Rs cr) 6,333
Buy Price 0.00
Buy Qty 0.00
Sell Price 131.00
Sell Qty 672.00
OPEN 134.70
CLOSE 134.55
VOLUME 2756761
52-Week high 179.00
52-Week low 121.20
P/E 27.46
Mkt Cap.(Rs cr) 6,333
Buy Price 0.00
Buy Qty 0.00
Sell Price 131.00
Sell Qty 672.00

Gujarat Pipavav Port Ltd. (GPPL) - Company History

Gujarat Pipavav Port Limited is the developer and operator of APM Terminals Pipavav, India's first private sector port, which has multi-cargo and multi-user operations. The company principally engaged in providing port handling and marine services for container cargo, bulk cargo, and LPG cargo. In addition, it operates a CFS and also generates revenue from land-related and infrastructure activities. The company has the exclusive right to develop and operate APM Terminals Pipavav and related facilities until September 2028 pursuant to the Concession Agreement with GMB and the GoG. Gujarat Pipavav Port Ltd was incorporated on August 5, 1992 as a public limited company. The company was established to build, construct, operate and maintain the port at Pipavav, District Amreli, in the state of Gujarat, India. At the time of incorporation, the company was a joint venture between GMB and Seaking Engineers Ltd (now known as SKIL Infrastructure Ltd). In June 1998, GMB divested their stake in the company in facour of SKIL. In November 1996, the company commissioned the first jetty and commenced cargo-handling operations at APM Terminals Pipavav. In September 30, 1998, the company entered into a Concession Agreement with GMB and the GoG, pursuant to which, granted the right to develop and operate APM Terminals Pipavav for a period of 30 years. In April 1998, the company commenced container-handling activities and obtained the exclusive right to develop and operate APM Terminals Pipavav and related facilities under the Concession Agreement on September 30, 1998. In June 2001, APMM Group acquired a 13.5% equity interest in the company. In April 2002, the company commenced comprehensive commercial port operations. In May 2003, the company commissioned Broad gauge rail connectivity from Surendranagar to Pipavav. In November 2006, the company commissioned eight rubber tyre gantry cranes and in December 2007, they commissioned environment friendly coal yard. In January 2008, the company commissioned three post panamax quay cranes and in the same year, the company also commissioned ten eco-friendly rubber tyre gantry cranes. In April 2009, the company commissioned two post panamax quay cranes (PPQC) and in July 2009, the company completed development of 2.6 Hectares of paved container yards. In October 2009, the company commissioned Railway siding no. 5, 6 and 7 with the addition of about 2.00 km of internal railway tracks. In February 2010, the company completed the development of 2.4 hectares of paved bulk storage yard. In March 2010, the company received the Chemtech Leadership and Excellence Award 2009-2010 - Fastest Growing Port in India.