Tariff hikes, gas volume uptick positive for Gujarat Pipavav Port

With WDFC likely to link Gujarat ports in Q4FY21, competency in rail evacuation is now advantage and this factor has enabled Pipavav Port to finally take price hikes

Topics
Gujarat Pipavav | Markets

Ram Prasad Sahu  |  Mumbai 

Though weak volumes may weigh on Gujarat Pipavav Port’s near-term revenues, the Street is expecting the recent price hikes, expansion plan, and commissioning of the Western Dedicated Freight Corridor (WDFC) to boost medium-term prospects.

The firm, owned by Danish integrated container logistics major AP Moller-Maersk Group, recently announced a tariff hike, which adjusted for discounts and rebates, would work out 6-7 per cent higher on a blended basis for container cargo. Analysts at Centrum Research say these tariff hikes are more comprehensive than the previous increases ...

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First Published: Sun, September 27 2020. 20:31 IST
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