Steel Exchange India plans to set up cargo terminal, MMLP in Vizag

Steel Exchange India has announced a non-binding collaboration with Vizag Profiles Logistics (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 parties intend to jointly evaluate and pursue opportunities related to the operation of container trains from the proposed General Cargo Terminal (GCT), coastal shipping of cargo using domestic barges and containers, rail-based inland transport for steel and general cargo, and the development of end-to-end multimodal logistics services.

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.

Together, the partners aim to improve logistics efficiency, reduce transit times, and enable scalable cargo handling solutions in and around Visakhapatnam.

This agreement reflects a shared vision to build an 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.

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.

Commenting on the development. Suresh Kumar Bandi, Joint Managing Director, Steel Exchange India said, “This collaboration is a strategic step forward in our efforts to expand beyond steel manufacturing and strengthen our presence in infrastructure and logistics. With Vizag’s 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.”