Gujarat Pipavav Port Limited (GPPL) has reported a mixed performance for the second quarter, with a notable decline in container train handling. The port, which plays a crucial role in India's maritime infrastructure, faced challenges in certain areas while showing improvements in others.

Container Train Handling Decline

The most significant development was the 10.68% year-over-year decrease in container trains handled during Q2. GPPL managed 461 container trains in the quarter, down from 515 in the same period last year. This decline aligns with the overall reduction in container volumes handled by the port.

Q2 Performance Overview

To provide a comprehensive view of GPPL's performance, here's a breakdown of key operational metrics for Q2 compared to the same period last year:

Mixed Performance Across Segments

While container-related activities showed a decline, other segments demonstrated significant growth:

• Dry Bulk: Saw an impressive 128.26% increase, rising from 0.46 million MT to 1.05 million MT.
• Liquid Cargo: Experienced a 15.15% growth, increasing from 0.33 million MT to 0.38 million MT.
• Ro Ro Units: Showed substantial improvement with a 69.70% increase, jumping from 33,000 units to 56,000 units.

Container Segment Challenges

The container segment faced headwinds:

• Overall container volume (TEUs) decreased by 8.38%.
• Containers handled on trains declined by 5.93%.

These figures suggest broader challenges in the container shipping industry, potentially reflecting global trade dynamics or regional economic factors.

Conclusion

Gujarat Pipavav Port's Q2 results paint a picture of a port adapting to changing trade patterns. While the decline in container-related activities is noteworthy, the significant growth in dry bulk, liquid cargo, and Ro Ro segments indicates the port's ability to diversify its operations. Investors and industry observers will likely keep a close eye on how GPPL navigates these mixed trends in the coming quarters.

Gujarat Pipavav Port Limited (GPPL) has announced a significant development in its business operations, securing a five-year contract with Oil and Natural Gas Corporation (ONGC) for port and storage facilities at Pipavav Port.

Contract Details

The company disclosed in a regulatory filing that it received a notification letter from ONGC on September 24, 2025, confirming the award of the contract. The agreement, set to commence on October 1, 2025, will span a five-year period, marking a substantial long-term commitment between the two entities.

Scope of Services

Under the terms of the contract, Gujarat Pipavav Port will provide:

• Marine support services
• Storage facilities within the port premises

These services will play a crucial role in supporting ONGC's plans to establish an offshore supply base at Pipavav Port.

Strategic Implications

This contract represents a significant opportunity for Gujarat Pipavav Port Limited to strengthen its position in the maritime infrastructure sector. By partnering with ONGC, a major player in India's oil and gas industry, GPPL is poised to enhance its service offerings and potentially boost its revenue streams over the next five years.

Next Steps

The notification letter received by Gujarat Pipavav Port Limited will be translated into a formal agreement between the company and ONGC. This process is expected to solidify the terms and conditions of their collaboration, ensuring a smooth implementation of the contracted services.

Company Statement

Manish Agnihotri, Company Secretary & Compliance Officer of Gujarat Pipavav Port Limited, confirmed the development in the regulatory filing. The company has also made this information available on its official website, www.pipavav.com , in line with its commitment to transparency and regulatory compliance.

As Gujarat Pipavav Port Limited prepares to embark on this new venture with ONGC, stakeholders will be keenly watching how this partnership unfolds and its potential impact on the company's performance in the coming years.