Whalesbook
Gujarat Pipavav Port Ltd (GPPL) has reported its operational statistics for the third quarter of fiscal year 2026, revealing a mixed performance across cargo segments. The private sector port operator handled 174,000 Twenty-foot Equivalent Units (TEUs) of containers, a marginal 1.7% decrease year-on-year from 177,000 TEUs during the same period last year.
Cargo Growth Drives Revenue
Despite the slight dip in container traffic, GPPL registered substantial growth in other key cargo categories. Dry bulk cargo volumes surged by 20.8%, reaching 0.87 million tonnes compared to 0.72 million tonnes in the prior year. Liquid cargo volumes also saw an increase, albeit marginal, to 0.40 million tonnes from 0.39 million tonnes.
The port also experienced significant expansion in its roll-on/roll-off (Ro-Ro) traffic, handling 62,000 units, a considerable jump from 44,000 units in the previous year. Container train operations remained active, with 438 trains managed during the quarter.
Strategic Investment Ahead
In a move signaling future expansion, GPPL signed a Memorandum of Understanding with the Gujarat Maritime Board in October 2025. This agreement outlines proposed investments valued at ₹17,000 crore, indicating a strong commitment to enhancing port infrastructure and capabilities.
Year-to-date performance also reflects this varied trend. The port has managed 502,000 TEUs of containers and 2.45 million tonnes of dry bulk cargo. Liquid cargo reached 1.20 million tonnes, while Ro-Ro units totaled 161,000, showcasing strong overall activity across multiple segments.
Shares of Gujarat Pipavav Port Ltd were trading down 1.29% at ₹186.64 apiece on the National Stock Exchange as of 12:52 pm on January 8, reflecting investor sentiment amid the mixed operational data.