Steel Exchange India Announces Strategic Collaboration to Strengthen Multimodal Logistics Capabilities in Visakhapatnam
Steel Exchange India Limited (SEIL) has announced a strategic non-binding collaboration with Vizag Profiles Logistics Pvt. Ltd. (VPL) and Hind Terminals Pvt. Ltd. (HTPL) to explore the development of a General Cargo Terminal (GCT) and a Multi-Modal Logistics Park (MMLP) in Visakhapatnam. The collaboration aims to improve logistics efficiency, reduce transit times, and enable scalable cargo handling solutions in and around Visakhapatnam. The proposed initiatives will bring together the strengths of all three entities: SEIL’s developing GCT rail siding, VPL’s established regional logistics infrastructure, and HTPL’s expertise in port-linked cargo operations. The partnership is expected to significantly enhance supply chain efficiency and support the long-term competitiveness of SEIL's core steel business.
Key Highlights
- SEIL, VPL, and HTPL to explore the development of a General Cargo Terminal (GCT) and a Multi-Modal Logistics Park (MMLP) in Visakhapatnam
- Collaboration aims to improve logistics efficiency, reduce transit times, and enable scalable cargo handling solutions
- The partnership will bring together the strengths of all three entities: SEIL’s developing GCT rail siding, VPL’s established regional logistics infrastructure, and HTPL’s expertise in port-linked cargo operations
- Expected to significantly enhance supply chain efficiency and support the long-term competitiveness of SEIL's core steel business
- Non-binding collaboration sets the foundation for detailed feasibility studies, pilot operations, and potential future commercial partnerships