Steel Exchange India Ltd Collaborates to Strengthen Multimodal Logistics.

Steel Exchange India Limited (SEIL), a leading integrated steel manufacturer, has announced 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.

The collaboration is a significant step toward enhancing cargo movement through inland and coastal routes. The three companies will jointly evaluate opportunities for:

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  Operating container trains from the proposed GCT.

  
  


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  Shipping cargo along coastal routes using domestic barges and containers.

  
  


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  Expanding rail-based inland transport for steel and general cargo.

  
  


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  Developing comprehensive, end-to-end multimodal logistics services.

  
  

This initiative will leverage the combined strengths of all three partners: SEIL's GCT rail siding, VPL's established regional logistics infrastructure, and HTPL's expertise in port-linked cargo operations. The goal is to improve logistics efficiency, cut down transit times, and create scalable cargo handling solutions in the Visakhapatnam region.

The agreement sets the stage for detailed feasibility studies, pilot operations, and potential future commercial partnerships. For SEIL, the project is expected to boost supply chain efficiency, unlock value from its logistics assets, and support the long-term competitiveness of its steel business.

"This collaboration is a strategic step forward in our efforts to expand beyond steel manufacturing and strengthen our presence in infrastructure and logistics," said Mr. Suresh Kumar Bandi, Joint Managing Director of Steel Exchange India Limited. "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 will significantly enhance operational efficiency and contribute meaningfully to our long-term growth plans."