Steel Exchange India Limited, a prominent steel manufacturer in South India known for its ‘SIMHADRI TMT’ brand, has announced a strategic, non-binding partnership with Vizag Profiles Logistics Pvt Ltd (VPL) and Hind Terminals Pvt Ltd (HTPL). The collaboration aims to explore the development of a General Cargo Terminal (GCT) and a Multi-Modal Logistics Park (MMLP) in Visakhapatnam, a move that seeks to tap into the potential of both coastal and inland cargo movement.
The three companies plan to jointly assess and pursue projects related to operating container trains from the upcoming GCT, leveraging domestic barges for coastal shipping, rail-based movement of steel and general cargo, and establishing comprehensive multimodal logistics solutions. This partnership brings together SEIL’s under-construction rail siding at the GCT, VPL’s stronghold in regional logistics, and HTPL’s expertise in handling port-connected cargo.
The initiative is expected to enhance freight handling capabilities, streamline logistics operations, and offer scalable, end-to-end solutions across key trade routes in and around Visakhapatnam. Though the agreement is currently non-binding, it sets the stage for detailed feasibility studies, pilot projects, and the possibility of formal commercial agreements in the future.
Suresh Kumar Bandi, Joint Managing Director of Steel Exchange India, remarked, “This partnership marks a decisive step in expanding our capabilities beyond steel manufacturing. With Visakhapatnam’s emergence as a critical logistics corridor, aligning our GCT project with the strengths of VPL and HTPL offers a strategic opportunity to enable cost-effective, multimodal cargo movement. We believe this initiative will improve operational efficiency and significantly support our long-term business objectives.”
Founded in 1999, Steel Exchange India Ltd (SEIL) is part of the Vizag Profiles Group and has evolved from a trading platform into one of the region’s most reliable steel manufacturers. The company operates a fully integrated steel plant and captive power unit in Vizianagaram district near Visakhapatnam, with facilities for sponge iron, billet production, rolling, and power generation, ensuring seamless end-to-end steel manufacturing.
As part of its growth strategy aligned with the ‘Atmanirbhar Bharat’ mission, SEIL is entering the specialty steel segment under the PLI scheme, aiming to reduce imports and increase high-value product offerings. For FY25, SEIL reported total income of ₹1,163.37 crore, EBITDA of ₹143.60 crore, and a net profit of ₹25.93 crore.
