Gujarat Pipavav Port

Aug 12 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT JUNE-QUARTER CONSOL NET PROFIT 1.48 BILLION RUPEES

• GUJARAT PIPAVAV PORT JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.32 BILLION RUPEES

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July 13 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT - CONTAINERS CARGO VOLUME HANDLED AT 168,000 TEUS IN Q1 FY27

Source text: ID:nNSEbzLWfX

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** Shares of India's Gujarat Pipavav Port GPPL.NS rise 2.3% to 160.95 rupees

** Company reported a 26.7% y/y rise in fourth-quarter profit to 1.42 billion rupees ($14.98 million), revenue rose 26.1% y/y

STRONGER FY27 OUTLOOK OVERSHADOWS CONCESSION RISKS

** Kotak upgrades company to "buy" (TP: 186 rupees), citing improving earnings outlook, better pricing and support from Middle East-related transshipment demand

** BofA Securities ("underperform", TP: 158 rupees) says container recovery and tariff hikes could support growth, but sees limited upside as concession-renewal optimism is largely priced in

** Jefferies ("underperform", TP: 120 rupees) says quarterly beat was driven by margin expansion, though uncertainty around concession-extension terms remains a key overhang

** JM Financial ("buy", TP: 190 rupees) says recovery in container volumes, strong growth in RoRo and liquid cargo businesses, and improving realizations could drive earnings growth over FY27-FY28

($1 = 94.7700 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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May 28 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT MARCH-QUARTER CONSOL NET PROFIT 1.42 BILLION RUPEES

• GUJARAT PIPAVAV PORT MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.17 BILLION RUPEES

• GUJARAT PIPAVAV PORT LTD - DECLARES DIVIDEND OF 5 RUPEES PER SHARE

Source text: ID:nNSE2lMtWV

Further company coverage: GPPL.NS

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Feb 10 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• DEC-QUARTER CONSOL NET PROFIT 1.08 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.92 BILLION RUPEES

Source text: [ID:]

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** Gujarat Pipavav Port GPPL.NS rises 5% to 166 rupees

** Port operator signs memorandum of understanding with Gujarat Maritime Board for future investments worth 170 bln rupees ($1.93 bln) to expand capacity

** Stock rated "hold" on avg; median PT is 158 rupees, per data compiled by LSEG

** YTD, GPPL falls ~9%

($1 = 87.8950 Indian rupees)

(Reporting by Komal Salecha)

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** Shares of Gujarat Pipavav Port GPPL.NS up 1.8% to 156 rupees

** Port operator gets contract from ONGC ONGC.NS for hiring port and storage facilities

** Stock on track to snap two straight months of losses

** Nearly 3 mln shares traded, 2.1x their 30-day moving avg

** Avg analysts rating is "hold" and median PT is 158 rupees - data compiled by LSEG

** YTD, GPPL down ~16%

(Reporting by Anuran Sadhu in Bengaluru)

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Sept 24 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - RECEIVES CONTRACT FROM ONGC FOR PORT FACILITIES

Source text: ID:nBSE68tf6z

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Jan 3 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• HANDLED 177,000 TEUS CONTAINERS IN Q3

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Nov 6 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - DIVIDEND OF 4 RUPEES PER SHARE

• GUJARAT PIPAVAV PORT SEPT-QUARTER CONSOL NET PROFIT 754.9 MILLION RUPEES

• GUJARAT PIPAVAV PORT SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 2.27 BILLION RUPEES

Source text: [ID:]

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Oct 7 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - Q2 CONTAINER TRAINS HANDLED 515 VERSUS 626 YEAR AGO

• GUJARAT PIPAVAV PORT LTD - Q2 CONTAINERS HANDLED ON TRAIN 118,000 TEUS VERSUS 145,000 TEUS YEAR AGO

Source text for Eikon: ID:nNSEbKQwRK

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Updates with details of the deal, context throughout

BENGALURU, Aug 30 (Reuters) - Adani Ports and Special Economic Zone APSE.NS said on Friday it will buy a majority stake in an offshore support vessel operator for $185 million, expanding its fleet and diversifying beyond port operations.

Astro Offshore, in which Adani Ports will buy an 80% stake, owns a fleet of 26 vessels including barges and workboats, counting miner NMDC NMDC.NS and construction bellwether Larsen and Toubro LART.NS as its customers.

"Astro will add... to our current fleet of 142 tugs and dredgers... (and) the acquisition will also give us access to an impressive roster of tier-1 customers," Adani Ports CEO Ashwani Gupta said in a statement.

The deal comes as India's largest private port operator aims to grow its presence beyond its mainstay port operations to maintain its sector lead against smaller rivals JSW Infrastructure JSWN.NS and Gujarat Pipavav GPPL.NS.

The acquisition is expected to close within a month with no requirement of regulatory approvals, Adani Ports added.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Nivedita Bhattacharjee)

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** Shares of port operator Gujarat Pipavav Port GPPL.NS up 4.7% to 232 rupees in early trading

** Co reports consol Q1 net profit jumps 62% to 1.10 bln rupees ($13.1 mln)

** Rev up 14.5% to 2.46 bln rupees, while expenses fell to 1.27 bln rupees from 1.40 bln rupees

** Stock trading above 50-, 100-, 200- day moving avgs since July 24

** Avg rating of 10 analysts covering is a "Hold" as per LSEG data

** However, the median PT is 182 rupees, a 20% discount to last close

** Stock up 44% YTD

($1 = 83.9300 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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Aug 7 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• JUNE-QUARTER CONSOL NET PROFIT 1.10 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.46 BILLION RUPEES

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July 4 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• JUNE-QUARTER CONTAINERS HANDLED AT 165,000 TEUS

Source text for Eikon: ID:nNSE2CXSZd

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** Shares of India's Gujarat Pipavav Port GPPL.NS down as much as 4% to 199.70 rupees

** Port operator's consol Q4 net profit falls over 32%, hurt by higher exceptional expenses tied to the 2021 cyclone Tauktae and a legal dispute with one of its customers

** Co on an average rated "hold" with median PT 154 rupees - LSEG data

** Day's 1.5% dip trims YTD gains to ~34%

(Reporting by Hritam Mukherjee in Bengaluru)

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May 22 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - DIVIDEND 3.7 RUPEES PER SHARE

• GUJARAT PIPAVAV PORT MARCH-QUARTER CONSOL NET PROFIT 658.4 MILLION RUPEES VERSUS PROFIT 973.2 MILLION RUPEES

• GUJARAT PIPAVAV PORT MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.51 BILLION RUPEES VERSUS 2.35 BILLION RUPEES

Source text for Eikon: ID:nNSE1kq1B6

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April 5 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT - CONTAINERS HANDLED IN Q4 FY24 AT 188,000 TEUS VERSUS 199,000 TEUS YEAR AGO

Source text for Eikon: [ID:]

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** Shares of Gujarat Pipavav Port GPPL.NS down 1.2% at 159.3 rupees as of 1:25 p.m. IST

** Recent price hike after another qtr of market share loss to Adani Ports and Special Economic Zone APSE.NS raises risk of sustained volume underperformance, Kotak says

** Adds, recent agreement around green hydrogen unlikely to have material impact for now, downgrades co to "reduce"

** GPPL falls as much as 5.12% earlier in the day, marking its sharpest intraday decline since Dec. 20

** GPPL eyeing third consecutive session of losses

** Shares trading 19% higher than the average PT set by 10 analysts covering stock; mean rating equivalent to "buy" - LSEG data

** After four straight annual gains, GPPL up 4% so far this year versus APSE's ~12% climb

(Reporting by Hritam Mukherjee)

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** Shares of Gujarat Pipavav Port GPPL.NS rise as much as 3.69% to 154.45 rupees on a day

** The tariff hike for EXIM container handling and tranship container augurs well for co, says JM Financial

** The port operator announced tariff revision, effective from Jan. 1, 2024 earlier this month

** Brokerage estimates 2%-3% improvement in blended realisations; raises earnings per share estimates for fiscal 2024-2026 by 1%-6%

** Brokerage hikes PT to 150 rupees from 140 rupees earlier, reiterates "hold" on the stock

** Average rating of 11 analysts tracking GPPL is equivalent to "Buy"; median TP is 135 rupees - LSEG data

** Stock last up 2.3%, bringing YTD gains to 51.37%

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Gujarat Pipavav Port GPPL.NS rises 5.5% to 144.3 rupees, its highest level since May 9, 2018

** Stock has risen 15.7% since Nov. 8, when it reported a 28% jump in Q2 profit

** GPPL sees busiest day in more than a month, with over 11.9 mln shares traded

** Avg rating of 11 analysts covering the stock is "Buy;" their median PT is 135 rupees - LSEG data

** Including session's gains, stock up 44% YTD

(Reporting by Aleef Jahan in Bengaluru)

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Nov 8 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• INDIA'S GUJARAT PIPAVAV PORT SEPT-QUARTER CONSOL NET PROFIT 922.8 MILLION RUPEES VERSUS PROFIT 721.2 MILLION RUPEES

• GUJARAT PIPAVAV PORT SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 2.53 BILLION RUPEES VERSUS 2.26 BILLION RUPEES

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** Shares of Gujarat Pipavav Port GPPL.NS rise as much as 4.28% to 141.35 rupees, hitting highest level since May 16, 2018

** Stock on track for a fourth consecutive session of gain, if trends hold

** Share price above 50-day, 100-day and 200-day exponential moving averages since Aug. 29, suggesting bullish trend

** More than 4.8 mln shares change hands by 12:42 p.m. IST, 2.3x the 30-day avg

** Avg rating of 14 analysts close to equivalent of "buy", median PT is 120.50 rupees - LSEG data

** Stock last up 3.1%, bumping YTD gains to about 38.9%

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Aug 9 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• INDIA'S GUJARAT PIPAVAV PORT JUNE-QUARTER CONSOL NET PROFIT 678.3 MILLION RUPEES VERSUS PROFIT 593.4 MILLION RUPEES

• GUJARAT PIPAVAV PORT JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.15 BILLION RUPEES VERSUS 2.07 BILLION RUPEES

Source text for Eikon: [ID:]

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** Shares of Gujarat Pipavav Port Ltd GPPL.NS rise as much as 2.93% to 122.80 rupees

** Co on Monday reported a 6.4% YoY rise in its handling of container cargo volume to 199,000 twenty-foot equivalent unit (TEUs) for Q1 FY24 vs 187,000 TEUs a year ago

** Share price above 50-day, 100-day and 200-day exponential moving averages since June 26, suggesting bullish trend

** More than 1.3 mln shares change hands by 2:31 p.m. IST, 0.8x 30-day avg

** Avg rating of 14 analysts close to equivalent of "buy", median PT is 116 rupees - Refinitiv data

** Including session's gain, stock up 20.9% YTD

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

July 10 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - Q1 FY 24 CONTAINERS HANDLED 199000 TEUS VERSUS 187000 TEUS YEAR AGO

Source text for Eikon: ID:nNSENhbpQ

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June 27 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• OPERATIONS AT PIPAVAV PORT WERE IMPACTED FOR ABOUT 9 DAYS DUE TO THE DISRUPTION OF GRID POWER SUPPLY

• NO LOSS OCCURRED IN DRY BULK, LIQUID AND RORO BUSINESS

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June 19 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - OPERATIONS AT PIPAVAV PORT HAVE RESUMED SINCE EARLY MORNING HOURS ON JUNE 17

Source text for Eikon: ID:nNSE4jBrW1

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Adds details on Adani ports suspending vessel operations at Mundra and Tuna ports, evacuation by coast guard, paragraphs 6-8

By Rajendra Jadhav

MUMBAI, June 12 (Reuters) - A storm off India's west coast has strengthened to become a powerful cyclone and could hit India's western state of Gujarat and southern parts of Pakistan this week, the Indian weather department said on Monday.

The cyclone, named Biparjoy, is expected to make landfall on Thursday afternoon between Mandvi in Gujarat and Karachi in Pakistan with maximum sustained wind speed of 125-135 km (78-84 miles) per hour, gusting to 150 km (93 miles) per hour, the India Meteorological Department (IMD) said.

Nearly a dozen districts in coastal Gujarat will be affected by heavy rainfall and gusting winds although some of these are sparsely populated, which would limit the damage, said a weather office official, who declined to be named.

Fishermen in Gujarat have been advised against going to sea and those at sea have been called back, with 21,000 boats parked so far, the government said on Monday.

Offshore oil installations have also been asked to ensure immediate return of all manpower, and two of India's largest ports - Kandla and Mundra - located in Gujarat have been alerted while other ports have been advised for preventive action.

The Adani conglomerate's ports business, Adani Ports APSE.NS, said in an exchange filing that it suspended its vessel operations on Monday at Mundra, India's biggest commercial port that has the country's largest coal import terminal, and also at Tuna port near Kandla.

The Indian Coast Guard said it was evacuating 50 personnel from a jack-up oil rig off Gujarat's coast named Key Singapore, which is owned by Dubai-based Shelf Drilling SHLF.OL and currently working for Cairn Oil & Gas (Vedanta Ltd.) VDAN.NS, according to Shelf Drilling's website.

Shelf Drilling and Cairn Oil & Gas did not immediately respond to a request for comment.

Gujarat Pipavav Port Limited said in a stock exchange filing on Monday that operations at its Pipavav Port had been suspended since late Saturday evening due to "prevailing severe weather conditions".

Ten teams of the State Disaster Response Force (SDRF) and 12 of the National Disaster Response Force (NDRF) have been deployed in Gujarat, the government said, with three more NDRF teams on standby and another 15 ready to be airlifted from other states on short notice.

"Rescue and relief teams of the Coast Guard, Army and Navy along with ships and aircraft have been kept ready on standby," it said.

In neighbouring Pakistan, the National Disaster Management Authority said instructions were being given to take precautionary measures in southern and southeastern parts that may be affected.

"Its (cyclone's) evolving impact will only be certain with further development of the situation," the authority said.

A 1998 cyclone killed at least 4,000 people and caused hundreds of millions of dollars in damage in Gujarat.

Biparjoy has delayed the onset of the annual monsoon over the southern state of Kerala, but now conditions are favourable for the progress of much-needed rains in more areas of Maharashtra, Karnataka, Andhra Pradesh and Tamil Nadu states, India's weather office said.

(Reporting by Rajendra Jadhav and Asif Shahzad; Additional reporting by Sumit Khanna; writing by Sakshi Dayal and Shivam Patel; Editing by Raju Gopalakrishnan, Philippa Fletcher, Jonathan Oatis and Mark Heinrich)

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June 8 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - FORCE MAJEURE CONTINUES, HAS NOT BEEN LIFTED AT PIPAVAV PORT

Source text for Eikon: ID:nBSE2Zzdlm

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