Gujarat Pipavav Port gets nod for revised expansion plan costing Rs 460 crore

18 Apr 2014 Evaluate

Gujarat Pipavav Port has received an approval for the revised expansion plan for enhancement of container handling capacity from 0.85 Million TEUs to 1.35 Million TEUs at an estimated cost of about Rs 460 crore. The board of directors at its meeting held on April 17, 2014 has approved for the same. The dry bulk and liquid cargo capacity shall continue to be at 4-5 Million Tons and 2 Million Tons respectively.

The capex to be implemented in phased manner shall mainly consist of purchase of 3 Post Panamax cranes with Spreaders to replace the existing old cranes; strengthen existing Berth 3; dredging at berth pockets; phased development of Container Yard; purchase of 4 Rubber Tyre Gantry Cranes with Spreaders; internal Roads & Gate Complex and Electrical and other related works.

Gujarat Pipavav Port is the developer and operator of APM Terminals Pipavav, India's first private sector port, which has multi-cargo and multi-user operations.

Gujarat Pipavav Port Share Price

124.40 -0.20 (-0.16%)
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Company Name CMP
Adani Ports &Special 823.70
Gujarat Pipavav Port 124.40
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