Joint Venture24 Sept 2025, 06:51 pm
Gujarat Pipavav Port Ltd. to Provide Marine Support and Storage Facilities to ONGC for Five Years from 2025
AI Summary
Gujarat Pipavav Port Limited has received a letter from Oil and Natural Gas Corporation (ONGC) awarding a contract for hiring port and storage facilities at Pipavav Port for a period of five years from 1st October 2025. The proposed arrangement will see the Company providing marine support and storage facilities within the port premises as ONGC establishes its offshore supply base at Pipavav Port. This development is in accordance with the Obligations and Disclosure Requirements) Regulations, 2015. The notification letter from ONGC will be formalized into a binding agreement between the two parties.
Key Highlights
- Gujarat Pipavav Port Ltd. receives contract from ONGC for five years from 2025
- Contract involves hiring of port and storage facilities at Pipavav Port
- Company to provide marine support and storage facilities within the port premises
- ONGC to establish its offshore supply base at Pipavav Port
- Proposed arrangement in accordance with Obligations and Disclosure Requirements) Regulations, 2015