Archive · 6 Aug 2025
Steel Exchange India Ltd. Forms Logistics Partnership in Vizag
Steel Exchange India is teaming up with two other companies to make it easier to move goods in and out of Visakhapatnam.
They plan to build a cargo terminal and a logistics park.
This will let them use trains, ships, and other ways to move things.
The goal is to make it faster and cheaper to transport goods, like steel, and to help the steel company's business grow.
It's like building better roads and bridges for cargo.
Steel Exchange India Limited (SEIL) is collaborating with Vizag Profiles Logistics Pvt. Ltd. (VPL) and Hind Terminals Pvt. Ltd. (HTPL).
The collaboration aims to develop a General Cargo Terminal (GCT) and a Multi-Modal Logistics Park (MMLP) in Visakhapatnam.
The partnership will explore operating container trains and coastal shipping.
The project intends to improve logistics efficiency, reduce transit times, and enable scalable cargo handling.
SEIL expects the initiative to enhance supply chain efficiency and support the steel business.
- Who
- Steel Exchange India Limited, Vizag Profiles Logistics Pvt. Ltd., and Hind Terminals Pvt. Ltd.
- What
- Strategic collaboration to develop a General Cargo Terminal and a Multi-Modal Logistics Park.
- When
- Announced August 6.
- Where
- Visakhapatnam, India.
- Why
- To improve logistics efficiency, reduce transit times, and support the steel business.
- Company
- Steel Exchange India Limited (SEIL)
- Partners
- Vizag Profiles Logistics Pvt. Ltd. (VPL) and Hind Terminals Pvt. Ltd. (HTPL)
- Objective
- Develop GCT and MMLP
- Location
- Visakhapatnam, India
- Goal
- Enhance supply chain and support steel business
- SEIL Stock
- NSE: INE503B01021, BSE: 534748
