Shares of Gujarat Pipavav Port Ltd are in focus on Thursday as the port operator has been awarded a five-year contract by ONGC for offshore supply base facilities.

"Under the proposed arrangement, the Company shall provide marine support and storage facilities within the port premises as ONGC establishes its offshore supply base at Pipavav Port," said the firm. Advertisement

On Wednesday, Gujarat Pipavav Port shares closed 1.73% lower at Rs 153.25 on BSE. Market cap of the firm stood at Rs 7408.72 crore. The development was announced after market hours on Wednesday.

The company reported a 4.8% year-on-year decrease in consolidated net profit, with figures standing at ₹104.3 crore for the quarter ended 30 June 2025 as compared to ₹109.6 crore during the same period last year. Revenue

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