Gujarat Pipavav Port signs non-binding MoU with Guj Maritime Board

Gujarat Pipavav Port signed a non-binding Memorandum of Understanding with Gujarat Maritime Board for future investments of Rs. 17,000 crore at Pipavav Port.

This proposed investment plan is subject to long term extension of the Company's current Concession which is valid upto September 2028.

The key infrastructure improvements and capacity enhancements shall include increasing the capacity for handling Containers, Liquid and RoRo, expand storage and rail siding capacity, specialised equipment and deeper waterfront, best in class multimodal ocean/ rail/ road transit solutions to the Northwest region of India and strategic partnerships.

At 11.53 am, Gujarat Pipavav Port was trading at Rs. 164.20, up by 3.30%, with a volume of 0.87 lakh shares on the BSE.