{"id":96005,"date":"2025-08-06T12:33:27","date_gmt":"2025-08-06T12:33:27","guid":{"rendered":"https:\/\/indianweekend.in\/index.php\/2025\/08\/06\/steel-exchange-india-limited-announces-strategic-collaboration-to-strengthen-multimodal-logistics-capabilities-in-vizag\/"},"modified":"2025-08-06T12:33:27","modified_gmt":"2025-08-06T12:33:27","slug":"steel-exchange-india-limited-announces-strategic-collaboration-to-strengthen-multimodal-logistics-capabilities-in-vizag","status":"publish","type":"post","link":"https:\/\/indianweekend.in\/index.php\/2025\/08\/06\/steel-exchange-india-limited-announces-strategic-collaboration-to-strengthen-multimodal-logistics-capabilities-in-vizag\/","title":{"rendered":"Steel Exchange India Limited Announces Strategic Collaboration to Strengthen Multimodal Logistics Capabilities in Vizag"},"content":{"rendered":"<div>\n<p><b>Visakhapatnam (Andhra Pradesh) [India], August 6: <\/b><span style=\"font-weight: 400;\">Steel Exchange India Limited (NSE: INE503B01021, BSE:\u00a0 534748), one of the leading integrated steel manufacturers in South India and a trusted name in TMT rebars under the brand \u2018SIMHADRI TMT\u2019, 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.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This collaboration marks a significant step toward unlocking cargo movement potential across both inland and coastal routes. The parties intend to jointly evaluate and pursue opportunities related to:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Operation of container trains from the proposed General Cargo Terminal (GCT)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Coastal shipping of cargo using domestic barges and containers<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rail-based inland transport for steel and general cargo<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Development of end-to-end multimodal logistics services<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The proposed initiatives will bring together the strengths of all three entities:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">SEIL\u2019s developing GCT rail siding,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">VPL\u2019s established regional logistics infrastructure, and<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">HTPL\u2019s expertise in port-linked cargo operations.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Together, the partners aim to improve logistics efficiency, reduce transit times, and enable scalable cargo handling solutions in and around Visakhapatnam.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This agreement reflects a shared vision to build integrated logistics infrastructure that caters to both captive and third-party cargo movement. While non-binding in nature, the collaboration sets the foundation for detailed feasibility studies, pilot operations, and potential future commercial partnerships.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For Steel Exchange India, the initiative is expected to significantly enhance supply chain efficiency, unlock value from its logistics assets, and support the long-term competitiveness of its core steel business.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Commenting on the development Mr. Suresh Kumar Bandi, Joint Managing Director, Steel Exchange India Limited said, \u201cThis collaboration is a strategic step forward in our efforts to expand beyond steel manufacturing and strengthen our presence in infrastructure and logistics. With Vizag\u2019s 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.\u201d<\/span><\/p>\n<p><em>If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Visakhapatnam (Andhra Pradesh) [India], August 6: Steel Exchange India Limited (NSE: INE503B01021, BSE:\u00a0 534748), one of the leading integrated steel manufacturers in South India and a trusted name in TMT rebars under the brand \u2018SIMHADRI TMT\u2019, has announced a strategic non-binding collaboration with Vizag Profiles Logistics Pvt. Ltd. (VPL) and Hind Terminals Pvt. Ltd. (HTPL) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":96006,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121],"tags":[125],"class_list":["post-96005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pr","tag-pr"],"_links":{"self":[{"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/posts\/96005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/comments?post=96005"}],"version-history":[{"count":0,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/posts\/96005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/media\/96006"}],"wp:attachment":[{"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/media?parent=96005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/categories?post=96005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/tags?post=96005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}