Gujarat Pipavav Port awarded 5-year ONGC contract for offshore supply base facilities

Private port operator Gujarat Pipavav Port Limited on Wednesday (September 24) said it has received a letter dated September 24, 2025, from ONGC notifying the award of a contract for hiring port and storage facilities at Pipavav Port. The contract will be for a period of five years starting October 1, 2025.

The company said this notification will be translated into the signing of a formal agreement with ONGC. Under the arrangement, Gujarat Pipavav Port will provide marine support and storage facilities within the port premises as ONGC establishes its offshore supply base at Pipavav Port.

Gujarat Pipavav Port reported a 4.8% year-on-year (YoY) drop in consolidated net profit to ₹104.3 crore for the quarter ended 30 June 2025, compared with ₹109.6 crore in the same period last year. Revenue from operations rose 1.8% to ₹250.4 crore from ₹246 crore a year ago, supported by mixed cargo performance.

Also Read: Gujarat Pipavav Q4 Results: Net profit surges 70.7% YoY despite flat revenue

EBITDA slipped 1% to ₹148 crore from ₹150 crore, while the operating margin contracted to 59.1% from 60.8% in the corresponding quarter last year. Cargo-wise, container volumes declined 1% on lower Exim volumes, while bulk cargo rose 1% driven by higher mineral shipments.

Liquid cargo volumes surged 21% on increased LPG handling, and roll-on/roll-off (RoRo) volumes rose 11%, supported by higher dispatches from original equipment manufacturers (OEMs).

Shares of Gujarat Pipavav Port Ltd ended at ₹153.25, down by ₹2.70, or 1.73%, on the BSE.

Also Read: Govt announces major projects to boost capacity at Kandla Port with ₹57,000-crore investment

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