Gujarat Pipavav Port surges on getting nod from ME&F for expansion plan

24 Feb 2014 Evaluate

Gujarat Pipavav Port is currently trading at Rs. 71.15, up by 0.65 points or 0.92% from its previous closing of Rs. 70.50 on the BSE.

The scrip opened at Rs. 70.70 and has touched a high and low of Rs. 71.45 and Rs. 70.50 respectively. So far 62251 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 73.40 on 19-Feb-2014 and a 52 week low of Rs. 42.05 on 27-Aug-2013.

Last one week high and low of the scrip stood at Rs. 73.40 and Rs. 62.90 respectively. The current market cap of the company is Rs. 3434.84 crore.

The promoters holding in the company stood at 43.01% while Institutions and Non-Institutions held 46.80% and 10.20% respectively.

Gujarat Pipavav Port has received an approval from the Ministry of Environment & Forests (ME&F) for its expansion plan. Earlier, the approval dated as on June 5, 2012 was challenged by an NGO in the National Green Tribunal and the Tribunal vide its order dated August 22, 2013, kept the Company's Environment approval in abeyance for a period of 6 months.

As per the Tribunal's Order, the Expert Appraisal Committee reviewed the entire expansion plan one more time and recommended it for approval during November 2012.

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

82.90 1.15 (1.41%)
Aug 08, 18:02 View Price Chart
Company Name CMP
Adani Ports &Special 801.25
Gujarat Pipavav Port 82.90
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