Gujarat Pipavav Port Achieves 6.28% Growth in Q3 FY24: A Detailed Analysis
January 05, 2024
Cargo Volume
/ Container Handling
Gujarat Pipavav Port’s Q3 FY24 sees a 6.28% rise in cargo volume. Explore the factors behind this growth Table of Contents Introduction Cargo Volume Performance Financial Performance Conclusion Introduction Gujarat Pipavav Port , a key player in India's maritime sector, has been operating the Pipavav port in Saurashtra, Gujarat, since 1998. The company handles four types of cargo: container, dry bulk, liquid bulk, and roll-on/roll-off (RoRo). It has exclusive rights to develop and operate facilities of APM Terminals in Pipavav until September 2028, according to a concession agreement with the Gujarat Maritime Board and the government of Gujarat . Cargo Volume Performance In Q3 FY24 , Gujarat Pipavav Port announced that its handled cargo volume in container terms was 203 thousand TEUs, up by 6.28% from 191 thousand TEUs recorded in Q3 FY23. This growth demonstrates the company's robust operational efficiency and its ability to handle increased container traffic. Ho...