Prime Highlights
- Gujarat Pipavav Port signed a non-binding MoU with NYK India to develop large-scale RoRo infrastructure aimed at supporting India’s growing vehicle and EV export demand.
- The partnership seeks to enhance logistics efficiency by improving coordination between ships and trains and reducing overall dwell time.
Key Facts
- The proposed RoRo capacity at Pipavav Port will be able to handle up to 5 lakh cars annually, strengthening its role in automotive logistics.
- Gujarat Pipavav Port’s stock hit an intra-day high of ₹187.75 on the BSE after the announcement and has a market cap of ₹8,888.04 crore, with a 52-week high of ₹202.9.
Background
Gujarat Pipavav Port shares gained over 3% on Wednesday after the company announced a non-binding Memorandum of Understanding (MoU) with NYK India Private Limited to develop large-scale roll-on, roll-off (RoRo) infrastructure at Pipavav Port. The stock touched an intra-day high of ₹187.75 on the BSE, before trading 1.07 per cent higher at ₹183.85.
The port operator said in its exchange filing that the agreement aims to expand high-quality RoRo facilities to support India’s rising vehicle exports and the growing demand for automotive logistics, including Electric Vehicles. RoRo infrastructure allows cars, trucks, and other wheeled cargo to be driven directly on and off specialised vessels, ensuring faster and safer movement.
Gujarat Pipavav Port and NYK will work together to build RoRo capacity to handle up to 5 lakh cars a year. They will focus on reducing dwell time and improving coordination between ships and trains, which is important as rail cargo grows at the port. The companies said the plan will also make logistics more efficient and sustainable.
Gujarat Pipavav Port Ltd, now operating as APM Terminals Pipavav, has a market capitalisation of ₹8,888.04 crore. The stock’s 52-week high stands at ₹202.9, while its 52-week low is ₹121.3. The port, located on the southwest coast of Gujarat and serves as an important private gateway on major international trade routes. It handles containers, dry bulk, liquid cargo and RoRo vessels, and has strong rail links to key industrial areas.
The MoU with NYK takes a strategic step to strengthen India’s vehicle export system and increase Pipavav’s role in the automotive supply chain.
