Steel Exchange India Limited (SEIL) has taken a strategic step to expand beyond its core steel manufacturing business by entering the logistics infrastructure space. The company has signed a non-binding agreement with Vizag Profiles Logistics Pvt Ltd (VPL) and Hind Terminals Pvt Ltd (HTPL) to explore the joint development of a General Cargo Terminal (GCT) and a Multi-Modal Logistics Park (MMLP) in Visakhapatnam.

Boosting Regional Logistics Capacity

The initiative aims to position Visakhapatnam as a key logistics hub by enabling scalable, efficient cargo handling and strengthening coastal-inland connectivity. With its strategic location on India’s eastern coast, the project could significantly enhance freight movement for both domestic and international trade.

Seamless Transportation Integration

One of the project’s primary focuses is integrating multiple modes of transport—rail, road, and coastal shipping—to reduce transit times and create a cost-effective logistics ecosystem.

• The proposed GCT will have direct rail connectivity through SEIL’s upcoming rail siding.
• Coastal shipping will be boosted by domestic barge services, allowing cargo to move seamlessly between ports and inland destinations.

Diversification and Growth Strategy

For SEIL, widely recognized for its SIMHADRI TMT brand, this move represents business diversification into the high-potential logistics sector. The company has recorded strong revenue growth in FY25, signaling its readiness to invest in infrastructure that supports long-term expansion.

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Key Data Table: SEIL’s Proposed Logistics Infrastructure in Visakhapatnam

Feature / Aspect	Details
Partnership	SEIL with Vizag Profiles Logistics Pvt Ltd (VPL) and Hind Terminals Pvt Ltd (HTPL)
Project Components	General Cargo Terminal (GCT) & Multi-Modal Logistics Park (MMLP)
Primary Objective	Enhance scalable and efficient cargo handling
Transport Integration	Coastal & inland modes, domestic barge services
Rail Connectivity	Direct link to SEIL’s upcoming rail siding
Coastal Shipping	Utilization of domestic barges for improved connectivity
Strategic Significance	Positions Visakhapatnam as a logistics hub on the east coast
Status	Non-binding agreement; feasibility studies and pilot initiatives ahead
SEIL’s Core Business	Steel manufacturing; brand name ‘SIMHADRI TMT’
Revenue Context (FY25)	Strong growth, enabling diversification into logistics