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Gujarat Pipavav Port Ltd.

BSE: 533248 Sector: Others
NSE: GPPL ISIN Code: INE517F01014
BSE 00:00 | 17 Jul 115.60 -1.95
(-1.66%)
OPEN

116.10

HIGH

117.50

LOW

115.25

NSE 00:00 | 17 Jul 115.30 -2.60
(-2.21%)
OPEN

115.65

HIGH

117.85

LOW

115.00

OPEN 116.10
PREVIOUS CLOSE 117.55
VOLUME 3230
52-Week high 168.40
52-Week low 102.20
P/E 28.13
Mkt Cap.(Rs cr) 5,589
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 116.10
CLOSE 117.55
VOLUME 3230
52-Week high 168.40
52-Week low 102.20
P/E 28.13
Mkt Cap.(Rs cr) 5,589
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

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. It serves as a gateway for movement of containers bulk liquid and RORO 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. APM Terminals Pipavav (Gujarat Pipavav Port Ltd.) is a part of the APM Terminals which is a leading global port and cargo inland services provider with a presence in 69 countries providing the world's most geographically balanced global terminal network with 73 ports nine new ports under construction and ten facilities in expansion mode - along with an inland services network spanning 140 locations. 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.In August 2010 APM Terminals Pipavav launched a successful IPO to raise Rs 500 crores from the market in order to fund improvements in infrastructure and financial restructuring.On 23 November 2010 Aegis Logistics a leader in Oil Gas and Chemical Logistics entered into a major deal with APM Terminals Pipavav to avail on sub-lease close to 100 acres of land for building a global oil and petrochemicals storage complex. This was announced at a joint press conference hosted by both companies. Aegis will invest up to Rs 400 crores ($90m) in building a 600000 KL oil terminal complex in Port Pipavav. On 24 January 2011 Gujarat Pipavav Port announced that it has signed a Memorandum of Understanding or MoU with the Government of Gujarat to expand its port facilities at Pipavav. The MoU involves an investment of Rs 1700 crore over a period of time. Port Pipavav also signed an MoU with Swan Energy Ltd for setting up the LNG terminal involving a total investment of Rs 3500 crore. Prior to this MoU Swan Energy had earlier signed an MoU with Port Pipavav for setting up the terminals at a project cost of Rs 1500 crore. With this additional input Swan Energy's investments at the port will total Rs 5000 crore over a period of time. Port Pipavav will provide essential services to support.Gujarat Pipavav Port (APM Terminals Pipavav) reported first full year of net profit in 2011. For the year ended 31 December 2011 the company registered a net profit of Rs 57.10 crore.Port Pipavav set a new national record on 17 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 21 September 2012 Gujarat Pipavav Port (APM Terminals Pipavav) announced commencement of wheat cargo shipment for the Government of India. The first consignment of wheat for the year 2012 on behalf of the Government of India (GOI) was exported from Port of Pipavav on 20 September 2012. The port has tied up with the Food Corporation of India (FCI) to handle part of its wheat exports. On 19 July 2013 Gujarat Pipavav Port (APM Terminals Pipavav) announced that it has upgraded its infrastructure with the ability to carry Double Stack High Cube Containers. This new offering from APM Terminals Pipavav will help in reducing transportation cost; enhance operational capacity for the port Inland Container Depots and Rail operators. The new offering and the cascading effect will provide better hinterland connectivity for customers based in North and North West India. On 16 November 2015 APM Terminals Pipavav (Gujarat Pipavav Port Ltd) announced the commencement of a new weekly double stack rail service to the industrial center in Faridabad in north India's Haryana State near the Indian Capital City of New Delhi. The dedicated double stack operations which can efficiently carry two containers placed one on top of another in specially designed rail cars will be operated in association with Gateway Rail and NYK India.On 9 June 2016 APM Terminals Pipavav (Gujarat Pipavav Port Ltd) announced that it has successfully completed its capacity expansion project on time and within budget. APM Terminals Pipavav has raised its annual container throughput handling capacity from 850000 TEUs to 1.35 million TEUs. As part of the expansion plan APM Terminals invested around Rs. 400 crore. The investment included buying new STS cranes strengthening the existing berth dredging and the improvement of the container yard and internal roads at the port. This investment will increase efficiency and productivity in the port operations.