Tariff hikes, gas volume uptick positive for Gujarat Pipavav Port

Topics Gujarat Pipavav | Markets

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 a.....

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