Gujarat Pipavav Port Secures Five-Year ONGC Contract for Offshore Supply Base

Gujarat Pipavav Port Limited, a leading private port operator, has been awarded a five-year contract by Oil and Natural Gas Corporation (ONGC) to provide port and storage facilities at Pipavav Port. The agreement, effective from October 1, 2025, will see the port supporting ONGC’s offshore supply base operations.

Under the contract, Pipavav Port will provide marine support and storage facilities within its premises, facilitating ONGC’s offshore logistics and supply chain activities. The formal agreement is expected to follow shortly after the notification.

Financial Snapshot

For the quarter ended June 30, 2025, Gujarat Pipavav Port reported a consolidated net profit of ₹104.3 crore, down 4.8% YoY from ₹109.6 crore in the same quarter last year. Revenue from operations grew modestly by 1.8% to ₹250.4 crore, supported by mixed cargo performance.

• EBITDA: ₹148 crore, a slight 1% decline from ₹150 crore
• Operating Margin: 59.1%, down from 60.8%
• Cargo Volumes:
  • Container: Declined 1% due to lower Exim volumes
  • Bulk Cargo: Increased 1% driven by mineral shipments
  • Liquid Cargo: Jumped 21% on higher LPG handling
  • RoRo Cargo: Rose 11%, aided by OEM dispatches

Outlook

The ONGC contract is expected to provide steady revenue visibility for the port over the next five years and strengthen its position as a key logistics hub for offshore energy operations. The deal also underlines Pipavav Port’s capability to handle diverse cargo segments, including containers, bulk, liquid, and roll-on/roll-off shipments.

✅ Summary

• Contract: Five-year offshore supply base facilities for ONGC
• Effective Date: October 1, 2025
• Financials (Q1 FY26): Net profit ₹104.3 crore, revenue ₹250.4 crore
• Cargo Performance: Liquid cargo +21%, RoRo +11%, bulk +1%, containers -1%
• Significance: Strengthens port’s offshore support role and revenue visibility