Andhra Pradesh, 08/08/2025: Steel Exchange India Ltd (SEIL) has announced a new collaboration aimed at boosting cargo movement and logistics infrastructure in Andhra Pradesh. The company has signed a non-binding agreement with Vizag Profiles Logistics (VPL) and Hind Terminals (HTPL) to explore the development of a General Cargo Terminal (GCT) and a Multi-Modal Logistics Park (MMLP) in Visakhapatnam.
According to SEIL, this project is intended to improve logistics efficiency, reduce transit times, and create scalable cargo handling solutions for the region. By setting up advanced facilities in and around Vizag, the partnership hopes to meet the growing demand for faster and more reliable cargo operations, benefiting trade and industry in the state.
Suresh Kumar Bandi, Joint Managing Director of SEIL, said the move reflects the company’s strategy to diversify beyond steel manufacturing and strengthen its footprint in infrastructure and logistics. “This collaboration is a strategic step forward to expand our capabilities and contribute to the region’s economic growth,” he noted.
SEIL is part of the Vizag Profiles Group and currently operates an integrated steel plant and a power unit at Vizianagaram, near Visakhapatnam. The company is already a key player in the steel sector and is now leveraging its industry presence to branch into the logistics domain.
In addition to this new venture, SEIL recently secured a ₹210 crore order from the state-owned Rashtriya Ispat Nigam Limited (RINL). Under the contract, the company will convert 1.2 lakh tonnes per annum (LTPA) of billets into TMT rebars, further strengthening its business portfolio.
If the proposed cargo terminal and logistics park move forward, they could significantly enhance the region’s role as a logistics hub, supporting both domestic and international trade through the strategically located Vizag port.
