APM Terminals Pipavav strengthens its position as the port of choice by receiving a block train from ICD Panipat

APM Terminals Pipavav, one of the leading gateway ports in Western India received the first full block train for D.D. International Private Limited. The train was flagged off from ICD Panipat in the first week August and reached the port within 2 days. The block train is operated by the DP world for Maersk to transport the cargo for D.D. International Private Limited.

APM Terminals Pipavav is well connected to the varied belts in north-west hinterland via rail connecting the hinterland customers to the global markets. The new service further strengthens port's connectivity to hinterland. The containers carrying rice are destined for Jeddah and Dammam in the Middle East.

The train was flagged off by senior representatives of Maersk. The occasion was graced by the Senior Management from the train operator/terminal staff, and the port.

Commenting on the occasion, Jakob Friis Sørensen, MD, APM Terminals Pipavav said, "We are happy to receive the first block train for D.D. International Private Limited at our port. The connection helps our customers in moving their containers safely, quickly, and sustainably and offers our hinterland customers an additional mode to expand their business in the global markets. Moving the consignment by rail is safe and sustainable that not only reduces the congestion on the road but also helps in reduction in carbon footprint."

Shares of Gujarat Pipavav Port Limited was last trading in BSE at Rs. 86.65 as compared to the previous close of Rs. 87.80. The total number of shares traded during the day was 40014 in over 927 trades.

The stock hit an intraday high of Rs. 88.35 and intraday low of 86.15. The net turnover during the day was Rs. 3488262.00.

Source : Equity Bulls

Keywords

GujaratPipavavPort INE517F01014 APMTerminalsPipavav ICDPanipat