Steel Exchange India collaborates with VPL, HTPL for logistics infrastructure in Vizag
Steel Exchange India Limited (NSE: STEELXIND, BSE: 534748), a prominent integrated steel manufacturer in South India, has taken a significant strategic step by entering into a non-binding collaboration with Vizag Profiles Logistics Pvt. Ltd. (VPL) and Hind Terminals Pvt. Ltd. (HTPL). Known for its trusted TMT rebar brand 'SIMHADRI TMT', SEIL is now looking beyond steel production to tap into the rapidly evolving logistics landscape. The company plans to explore the development of a General Cargo Terminal (GCT) and a Multi-Modal Logistics Park (MMLP) in Visakhapatnam, signaling its intent to strengthen its logistics and cargo-handling capabilities.
This collaboration is expected to reshape cargo movement across inland and coastal networks in the region. The core objective is to leverage each partner's unique strengths to create a robust and scalable logistics ecosystem. SEIL brings to the table its developing GCT rail siding, which serves as a vital piece of infrastructure for efficient freight handling. VPL adds value with its strong regional logistics network, while HTPL contributes its experience in port-linked cargo operations. Together, these companies aim to transform how steel and general cargo are moved in and out of Visakhapatnam by enabling faster transit and greater flexibility.
The proposed partnership will explore operating container trains from the GCT, facilitate coastal shipping through domestic barges and containers, and establish rail-based inland transport for steel and general cargo. A key focus will be the development of end-to-end multimodal logistics services that can cater not only to SEIL's internal needs but also to third-party cargo handlers. This broader vision positions the partnership as a potential game-changer for industrial supply chains in the region.
While the agreement is currently non-binding, it lays the groundwork for detailed feasibility studies and potential pilot projects. If successful, it could evolve into a full-scale commercial partnership in the future. For SEIL, the initiative could unlock significant value from its existing and future logistics assets, helping to streamline supply chains and support the long-term growth of its core steel business.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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