+
Steel Exchange India Eyes Logistics Push with New Tie-Up
ECONOMY & POLICY

Steel Exchange India Eyes Logistics Push with New Tie-Up

Steel Exchange India Limited (SEIL), a leading integrated steel producer in South India known for its SIMHADRI TMT brand, has entered into a non-binding strategic collaboration with Vizag Profiles Logistics Pvt. Ltd. (VPL) and Hind Terminals Pvt. Ltd. (HTPL). The partnership aims to explore the development of a General Cargo Terminal (GCT) and a Multi-Modal Logistics Park (MMLP) in Visakhapatnam.
This move represents a significant step towards enhancing cargo movement across coastal and inland routes. The three parties plan to jointly evaluate opportunities in areas including the operation of container trains from the proposed GCT, coastal shipping using domestic barges and containers, and rail-based inland transport for steel and general cargo. Additionally, the collaboration will assess the development of end-to-end multimodal logistics services.
The proposed initiatives combine SEIL’s ongoing GCT rail siding development, VPL’s strong regional logistics infrastructure, and HTPL’s port-linked cargo handling expertise. Together, the partners aim to boost logistics efficiency, shorten transit durations, and deliver scalable cargo handling solutions across the Visakhapatnam region.
While the agreement is currently non-binding, it lays the groundwork for conducting feasibility studies, initiating pilot operations, and potentially establishing long-term commercial partnerships.
For SEIL, this initiative is seen as a strategic extension beyond its core steel manufacturing operations. It is expected to unlock greater value from the company’s logistics assets and enhance supply chain competitiveness.
Commenting on the announcement, Mr Suresh Kumar Bandi, Joint Managing Director of Steel Exchange India Limited, said, “This collaboration is a strategic step forward in our efforts to expand beyond steel manufacturing and strengthen our presence in infrastructure and logistics. With Vizag’s growing role as a logistics hub, aligning our GCT project with the capabilities of VPL and HTPL presents a strong opportunity to enable efficient, multimodal cargo movement. We are confident this initiative will significantly enhance operational efficiency and contribute meaningfully to our long-term growth plans.”

Steel Exchange India Limited (SEIL), a leading integrated steel producer in South India known for its SIMHADRI TMT brand, has entered into a non-binding strategic collaboration with Vizag Profiles Logistics Pvt. Ltd. (VPL) and Hind Terminals Pvt. Ltd. (HTPL). The partnership aims to explore the development of a General Cargo Terminal (GCT) and a Multi-Modal Logistics Park (MMLP) in Visakhapatnam.This move represents a significant step towards enhancing cargo movement across coastal and inland routes. The three parties plan to jointly evaluate opportunities in areas including the operation of container trains from the proposed GCT, coastal shipping using domestic barges and containers, and rail-based inland transport for steel and general cargo. Additionally, the collaboration will assess the development of end-to-end multimodal logistics services.The proposed initiatives combine SEIL’s ongoing GCT rail siding development, VPL’s strong regional logistics infrastructure, and HTPL’s port-linked cargo handling expertise. Together, the partners aim to boost logistics efficiency, shorten transit durations, and deliver scalable cargo handling solutions across the Visakhapatnam region.While the agreement is currently non-binding, it lays the groundwork for conducting feasibility studies, initiating pilot operations, and potentially establishing long-term commercial partnerships.For SEIL, this initiative is seen as a strategic extension beyond its core steel manufacturing operations. It is expected to unlock greater value from the company’s logistics assets and enhance supply chain competitiveness.Commenting on the announcement, Mr Suresh Kumar Bandi, Joint Managing Director of Steel Exchange India Limited, said, “This collaboration is a strategic step forward in our efforts to expand beyond steel manufacturing and strengthen our presence in infrastructure and logistics. With Vizag’s growing role as a logistics hub, aligning our GCT project with the capabilities of VPL and HTPL presents a strong opportunity to enable efficient, multimodal cargo movement. We are confident this initiative will significantly enhance operational efficiency and contribute meaningfully to our long-term growth plans.” 

Next Story
Infrastructure Energy

Telangana Plans Rs 135 Bn Underground Cable Project

The Telangana government has unveiled an ambitious Rs 135 billion initiative to replace 25,000 km of overhead power lines with underground (UG) cables across the Core Urban Region (CUR), which includes Greater Hyderabad, areas within the Outer Ring Road, and Bharat Future City. The project seeks to modernise the city’s electrical infrastructure, aiming to reduce outages caused by weather or accidents.Led by the Southern Power Distribution Company of Telangana Ltd (TGSPDCL), the scheme is designed to improve safety, reduce disruption during rainfall, and lower long-term maintenance costs. Cur..

Next Story
Infrastructure Energy

Nayara Ships Fuel Despite EU Sanctions Disruption

Russia-backed Indian refiner Nayara Energy has exported its first petrol cargo since being sanctioned by the European Union on 18 July, according to four shipping sources and LSEG data.The tanker Tempest Dream, carrying approximately 43,000 metric tonnes (363,350 barrels) of petrol, departed on Monday for Sohar, Oman, based on LSEG shipping data, although the buyer’s identity remains unverified. The vessel was itself sanctioned by the United Kingdom in June.A second vessel, the Sard, currently docked at Nayara’s Vadinar port in western India, is expected to load around 43,000 tonnes of die..

Next Story
Infrastructure Urban

Brokerages Bullish on Vedanta’s FY26 Growth Prospects

Major Indian and global brokerages remain optimistic about Vedanta Ltd’s performance for FY26, highlighting firm London Metal Exchange (LME) pricing, disciplined cost controls, a strong aluminium business, and deleveraging as the company’s key growth drivers.Several upcoming growth projects, slated for commissioning over the next few quarters, also support the positive outlook.JP Morgan reported that Vedanta’s consolidated EBITDA for Q1 was broadly in line with expectations. Segments such as aluminium, oil and gas, and power performed better than anticipated, resulting in a segmental EBI..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?