Steel Exchange India (SEIL) has entered into 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, Andhra Pradesh.

The initiative is aimed at improving logistics efficiency, reducing transit times, and enabling scalable cargo handling capabilities in the region. SEIL, a part of the Vizag Profiles Group, operates a steel and power plant in Vizianagaram near Visakhapatnam. The proposed GCT and MMLP are seen as a key part of SEIL’s broader strategy to diversify beyond steel manufacturing and strengthen its presence in the infrastructure and logistics sector.

Joint Managing Director Suresh Kumar Bandi called the collaboration a significant move toward this goal. In Q1, SEIL also secured a Rs 210 crore contract from RINL for converting 1.2 lakh tonne per annum (LTPA) of billets into TMT rebars. This diversification reflects SEIL’s intent to capitalise on growth opportunities in logistics alongside its core steel business.