Gujarat Pipavav Port

Gujarat Pipavav Port received a comfort letter from Gujarat Maritime Board to process its proposal to extend the concession period. The company was required to submit its performance record and investment and business plan for the extended period within 90 days. The port operates under a 30-year concession that currently runs to September 2028. It reported consolidated revenue of ₹1,158 crore in FY26, with port services contributing ₹1,026 crore.

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Aug 12 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT JUNE-QUARTER CONSOL NET PROFIT 1.48 BILLION RUPEES

• GUJARAT PIPAVAV PORT JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.32 BILLION RUPEES

Source text: [ID:]

Further company coverage: GPPL.NS

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July 13 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT - CONTAINERS CARGO VOLUME HANDLED AT 168,000 TEUS IN Q1 FY27

Source text: ID:nNSEbzLWfX

Further company coverage: GPPL.NS

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** Shares of India's Gujarat Pipavav Port GPPL.NS rise 2.3% to 160.95 rupees

** Company reported a 26.7% y/y rise in fourth-quarter profit to 1.42 billion rupees ($14.98 million), revenue rose 26.1% y/y

STRONGER FY27 OUTLOOK OVERSHADOWS CONCESSION RISKS

** Kotak upgrades company to "buy" (TP: 186 rupees), citing improving earnings outlook, better pricing and support from Middle East-related transshipment demand

** BofA Securities ("underperform", TP: 158 rupees) says container recovery and tariff hikes could support growth, but sees limited upside as concession-renewal optimism is largely priced in

** Jefferies ("underperform", TP: 120 rupees) says quarterly beat was driven by margin expansion, though uncertainty around concession-extension terms remains a key overhang

** JM Financial ("buy", TP: 190 rupees) says recovery in container volumes, strong growth in RoRo and liquid cargo businesses, and improving realizations could drive earnings growth over FY27-FY28

($1 = 94.7700 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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May 28 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT MARCH-QUARTER CONSOL NET PROFIT 1.42 BILLION RUPEES

• GUJARAT PIPAVAV PORT MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.17 BILLION RUPEES

• GUJARAT PIPAVAV PORT LTD - DECLARES DIVIDEND OF 5 RUPEES PER SHARE

Source text: ID:nNSE2lMtWV

Further company coverage: GPPL.NS

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Feb 10 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• DEC-QUARTER CONSOL NET PROFIT 1.08 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.92 BILLION RUPEES

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Further company coverage: GPPL.NS

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Oct 29 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT - SIGNED A NON-BINDING MEMORANDUM OF UNDERSTANDING WITH GUJARAT MARITIME BOARD

• GUJARAT PIPAVAV PORT - MOU FOR FUTURE INVESTMENTS OF 170 BILLION RUPEES AT PIPAVAV PORT

Source text: ID:nNSE7G7mbc

Further company coverage: GPPL.NS

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** Shares of Gujarat Pipavav Port GPPL.NS up 1.8% to 156 rupees

** Port operator gets contract from ONGC ONGC.NS for hiring port and storage facilities

** Stock on track to snap two straight months of losses

** Nearly 3 mln shares traded, 2.1x their 30-day moving avg

** Avg analysts rating is "hold" and median PT is 158 rupees - data compiled by LSEG

** YTD, GPPL down ~16%

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

Sept 24 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - RECEIVES CONTRACT FROM ONGC FOR PORT FACILITIES

Source text: ID:nBSE68tf6z

Further company coverage: GPPL.NS

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Jan 3 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• HANDLED 177,000 TEUS CONTAINERS IN Q3

Further company coverage: GPPL.NS

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Nov 6 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - DIVIDEND OF 4 RUPEES PER SHARE

• GUJARAT PIPAVAV PORT SEPT-QUARTER CONSOL NET PROFIT 754.9 MILLION RUPEES

• GUJARAT PIPAVAV PORT SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 2.27 BILLION RUPEES

Source text: [ID:]

Further company coverage: GPPL.NS

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** Shares of Gujarat Pipavav Port GPPL.NS down 4.1% to 205.5 rupees, their lowest since July 23

** Number of container trains handled by the port operator in Q2FY25 reduced to 515 from 626 a year ago

** GPPL's third-busiest day in nearly two weeks, with more than 1.6 mln shares traded

** Analysts' average rating on GPPL is "hold", same as that on peer Container Corporation of India CCRI.NS

** Median PT is 187.5 rupees - LSEG

** YTD, stock up 34%, CCRI flat

(Reporting by Aleef Jahan in Bengaluru)

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Updates with details of the deal, context throughout

BENGALURU, Aug 30 (Reuters) - Adani Ports and Special Economic Zone APSE.NS said on Friday it will buy a majority stake in an offshore support vessel operator for $185 million, expanding its fleet and diversifying beyond port operations.

Astro Offshore, in which Adani Ports will buy an 80% stake, owns a fleet of 26 vessels including barges and workboats, counting miner NMDC NMDC.NS and construction bellwether Larsen and Toubro LART.NS as its customers.

"Astro will add... to our current fleet of 142 tugs and dredgers... (and) the acquisition will also give us access to an impressive roster of tier-1 customers," Adani Ports CEO Ashwani Gupta said in a statement.

The deal comes as India's largest private port operator aims to grow its presence beyond its mainstay port operations to maintain its sector lead against smaller rivals JSW Infrastructure JSWN.NS and Gujarat Pipavav GPPL.NS.

The acquisition is expected to close within a month with no requirement of regulatory approvals, Adani Ports added.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Nivedita Bhattacharjee)

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** Shares of port operator Gujarat Pipavav Port GPPL.NS up 4.7% to 232 rupees in early trading

** Co reports consol Q1 net profit jumps 62% to 1.10 bln rupees ($13.1 mln)

** Rev up 14.5% to 2.46 bln rupees, while expenses fell to 1.27 bln rupees from 1.40 bln rupees

** Stock trading above 50-, 100-, 200- day moving avgs since July 24

** Avg rating of 10 analysts covering is a "Hold" as per LSEG data

** However, the median PT is 182 rupees, a 20% discount to last close

** Stock up 44% YTD

($1 = 83.9300 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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Aug 7 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• JUNE-QUARTER CONSOL NET PROFIT 1.10 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.46 BILLION RUPEES

Further company coverage: GPPL.NS

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July 4 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• JUNE-QUARTER CONTAINERS HANDLED AT 165,000 TEUS

Source text for Eikon: ID:nNSE2CXSZd

Further company coverage: GPPL.NS

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** Shares of India's Gujarat Pipavav Port GPPL.NS down as much as 4% to 199.70 rupees

** Port operator's consol Q4 net profit falls over 32%, hurt by higher exceptional expenses tied to the 2021 cyclone Tauktae and a legal dispute with one of its customers

** Co on an average rated "hold" with median PT 154 rupees - LSEG data

** Day's 1.5% dip trims YTD gains to ~34%

(Reporting by Hritam Mukherjee in Bengaluru)

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May 22 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - DIVIDEND 3.7 RUPEES PER SHARE

• GUJARAT PIPAVAV PORT MARCH-QUARTER CONSOL NET PROFIT 658.4 MILLION RUPEES VERSUS PROFIT 973.2 MILLION RUPEES

• GUJARAT PIPAVAV PORT MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.51 BILLION RUPEES VERSUS 2.35 BILLION RUPEES

Source text for Eikon: ID:nNSE1kq1B6

Further company coverage: GPPL.NS

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April 5 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT - CONTAINERS HANDLED IN Q4 FY24 AT 188,000 TEUS VERSUS 199,000 TEUS YEAR AGO

Source text for Eikon: [ID:]

Further company coverage: GPPL.NS

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** Shares of Gujarat Pipavav Port GPPL.NS down 1.2% at 159.3 rupees as of 1:25 p.m. IST

** Recent price hike after another qtr of market share loss to Adani Ports and Special Economic Zone APSE.NS raises risk of sustained volume underperformance, Kotak says

** Adds, recent agreement around green hydrogen unlikely to have material impact for now, downgrades co to "reduce"

** GPPL falls as much as 5.12% earlier in the day, marking its sharpest intraday decline since Dec. 20

** GPPL eyeing third consecutive session of losses

** Shares trading 19% higher than the average PT set by 10 analysts covering stock; mean rating equivalent to "buy" - LSEG data

** After four straight annual gains, GPPL up 4% so far this year versus APSE's ~12% climb

(Reporting by Hritam Mukherjee)

(([email protected];))

** Shares of Gujarat Pipavav Port GPPL.NS rise as much as 3.69% to 154.45 rupees on a day

** The tariff hike for EXIM container handling and tranship container augurs well for co, says JM Financial

** The port operator announced tariff revision, effective from Jan. 1, 2024 earlier this month

** Brokerage estimates 2%-3% improvement in blended realisations; raises earnings per share estimates for fiscal 2024-2026 by 1%-6%

** Brokerage hikes PT to 150 rupees from 140 rupees earlier, reiterates "hold" on the stock

** Average rating of 11 analysts tracking GPPL is equivalent to "Buy"; median TP is 135 rupees - LSEG data

** Stock last up 2.3%, bringing YTD gains to 51.37%

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Gujarat Pipavav Port GPPL.NS rises 5.5% to 144.3 rupees, its highest level since May 9, 2018

** Stock has risen 15.7% since Nov. 8, when it reported a 28% jump in Q2 profit

** GPPL sees busiest day in more than a month, with over 11.9 mln shares traded

** Avg rating of 11 analysts covering the stock is "Buy;" their median PT is 135 rupees - LSEG data

** Including session's gains, stock up 44% YTD

(Reporting by Aleef Jahan in Bengaluru)

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** Shares of Gujarat Pipavav Port GPPL.NS rise as much as 8.3% to nearly three-week high of 135.5 rupees

** Co, engaged in port networks, said its consol profit jumped 27.9% to 922.8 mln rupees ($11.09 million), while rev from ops rose 11.6%

** Trading vol is 2.3x the 30-day daily avg, tops 5 mln for the first time since Oct. 18

** Avg rating of the 11 analysts on GPPL is "buy" and median PT is 124 rupees - LSEG data

** Stock up 6.7% as of 13:08 p.m. IST, extending YTD gains to ~32%

($1 = 83.2440 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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** Shares of Gujarat Pipavav Port GPPL.NS rise as much as 4.28% to 141.35 rupees, hitting highest level since May 16, 2018

** Stock on track for a fourth consecutive session of gain, if trends hold

** Share price above 50-day, 100-day and 200-day exponential moving averages since Aug. 29, suggesting bullish trend

** More than 4.8 mln shares change hands by 12:42 p.m. IST, 2.3x the 30-day avg

** Avg rating of 14 analysts close to equivalent of "buy", median PT is 120.50 rupees - LSEG data

** Stock last up 3.1%, bumping YTD gains to about 38.9%

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Aug 9 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• INDIA'S GUJARAT PIPAVAV PORT JUNE-QUARTER CONSOL NET PROFIT 678.3 MILLION RUPEES VERSUS PROFIT 593.4 MILLION RUPEES

• GUJARAT PIPAVAV PORT JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.15 BILLION RUPEES VERSUS 2.07 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: GPPL.NS

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** Shares of Gujarat Pipavav Port Ltd GPPL.NS rise as much as 2.93% to 122.80 rupees

** Co on Monday reported a 6.4% YoY rise in its handling of container cargo volume to 199,000 twenty-foot equivalent unit (TEUs) for Q1 FY24 vs 187,000 TEUs a year ago

** Share price above 50-day, 100-day and 200-day exponential moving averages since June 26, suggesting bullish trend

** More than 1.3 mln shares change hands by 2:31 p.m. IST, 0.8x 30-day avg

** Avg rating of 14 analysts close to equivalent of "buy", median PT is 116 rupees - Refinitiv data

** Including session's gain, stock up 20.9% YTD

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

July 10 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - Q1 FY 24 CONTAINERS HANDLED 199000 TEUS VERSUS 187000 TEUS YEAR AGO

Source text for Eikon: ID:nNSENhbpQ

Further company coverage: GPPL.NS

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June 27 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• OPERATIONS AT PIPAVAV PORT WERE IMPACTED FOR ABOUT 9 DAYS DUE TO THE DISRUPTION OF GRID POWER SUPPLY

• NO LOSS OCCURRED IN DRY BULK, LIQUID AND RORO BUSINESS

Source text for Eikon: [ID:]

Further company coverage: GPPL.NS

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June 19 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - OPERATIONS AT PIPAVAV PORT HAVE RESUMED SINCE EARLY MORNING HOURS ON JUNE 17

Source text for Eikon: ID:nNSE4jBrW1

Further company coverage: GPPL.NS

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