SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GMB encashes bank guarantee of Rs 185.35 million provided by Gujarat Pipavav Port

14 Feb 2019 Evaluate

Gujarat Maritime Board (GMB), the Port Regulatory Authority of Gujarat has encashed a Bank Guarantee of Rs 185.35 million provided by Gujarat Pipavav Port. The Guarantee was furnished by the company pursuant to the conditions stipulated by GMB while approving the company's project expansion plan vide its letter dated April 10, 2015.

The company's project expansion plan included capex towards increasing the port's bulk cargo handling capacity at Pipavav on the back of coal-based power plants that were planned in the vicinity by certain private parties. In absence of these power plants the company has not increased its bulk cargo handling capacity.

In view of the company's inability to incur the capex expansion plan as envisaged, GMB has on February 13, 2019 encashed the bank guarantee of Rs 185.35 million.

Gujarat Pipavav Port is engaged in providing port handling and marine services for container cargo, bulk cargo, and LPG cargo.

Gujarat Pipavav Port Share Price

160.75 1.70 (1.07%)
07-May-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×