Credit rating agency, CRISIL has revised rating of Gujarat Pipavav Port’s long term bank facilities to A+ with stable outlook. The rating agency has also revised rating of the company’s short term bank facilities at A1+.
Recently, the company upgraded its infrastructure with the ability to carry Double Stack High Cube Containers. With this initiative, it aims to slash transportation cost, increase operational capacity for the port, inland container depots and rail operators. This new facility will provide better hinterland connectivity for customers based in North and North West India.
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.