Gujarat Pipavav Port Limited (APM Terminals Pipavav) has signed a non-binding Memorandum of Understanding (MoU) with the Gujarat Maritime Board (GMB) on 29 October 2025, outlining potential future investments worth Rs 170 billion at Pipavav Port. The investment plan is contingent upon the long-term extension of the port’s existing concession, which is currently valid until September 2028.

The proposed expansion aims to enhance Pipavav Port’s capacity and infrastructure to meet rising maritime logistics demand in India. Under the MoU, the company plans to develop facilities for handling containers, liquid cargo, and roll-on/roll-off (RoRo) operations.

Planned upgrades include expanded storage areas, increased rail siding capacity, specialised cargo-handling equipment, and a deeper waterfront to accommodate larger vessels. The investment roadmap aligns with the company’s vision of transforming Pipavav Port into a leading multimodal logistics hub connecting ocean, rail, and road networks across north-western India.

The initiative also focuses on improving operational efficiency through strategic partnerships and advanced maritime technology, thereby strengthening regional and national supply chain systems.

Execution of the proposed projects will depend on securing a long-term extension of the current concession agreement between Gujarat Pipavav Port and GMB. The extension would establish a framework for implementing capacity expansion and infrastructure modernisation initiatives over the next few years.

On 29 October 2025, Gujarat Pipavav Port’s share price opened at Rs 160.00 on the NSE, up from the previous close of Rs 158.99. The stock rose to Rs 167.00 and dipped to Rs 159.16 during the day, trading at Rs 164.51 at 11:49 AM — a gain of 3.47 per cent. Over the past week, the stock increased by 2.79 per cent, by 4.64 per cent over the past month, and by 5.88 per cent in the last three months.

The signing of this non-binding MoU marks a pivotal step in Gujarat’s maritime infrastructure development. With potential investments totalling Rs 170 billion, Pipavav Port aims to evolve into a world-class trade and logistics hub, enhancing India’s coastal and inland connectivity for global commerce.