While the company's dry bulk cargo volume declined by 41% YoY to 0.77 million MT, liquid cargo volume rose by 48% YoY to 0.31 million MT in the second quarter. The cargo volume of roll-on/roll-off ships was 19,000 units in Q2 FY24 as against 8,000 units in Q2 FY23.

During the period under review, the company handled 626 container trains (up 26% YoY) and the containers handled on train was 145 thousand TEUs (up 23% YoY).

Gujarat Pipavav Port has been operating the Pipavav port in Saurashtra, Gujarat, since 1998. It has exclusive rights to develop and operate facilities of APM Terminals in Pipavav until September 2028, according to a concession agreement with Gujarat Maritime Board and the government of Gujarat. The company handles four cargo types: container, dry bulk, liquid bulk, and RoRo.