SEIL joins forces with VPL and HTPL to explore cargo terminal and logistics park in Visakhapatnam

Steel Exchange India Limited (SEIL), a leading integrated steel producer in South India and owner of the SIMHADRI TMT brand, has signed a non-binding strategic collaboration agreement 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 partnership aims to strengthen cargo movement across coastal and inland routes. The parties will jointly assess opportunities such as operating container trains from the proposed GCT, deploying domestic barges and containers for coastal shipping, and expanding rail-based inland transport for steel and general cargo. Plans also include evaluating the creation of end-to-end multimodal logistics solutions.

The collaboration will leverage SEIL’s ongoing GCT rail siding project, VPL’s established regional logistics network, and HTPL’s expertise in port-linked cargo handling. By combining these strengths, the initiative seeks to improve logistics efficiency, reduce transit times, and offer scalable cargo handling capabilities in the Visakhapatnam region.

Although the agreement is currently non-binding, it sets the stage for feasibility studies, pilot projects, and the potential formation of long-term commercial partnerships.

For SEIL, the move marks a strategic diversification beyond core steel manufacturing, aimed at unlocking greater value from its logistics assets and enhancing its supply chain competitiveness.