Steel Exchange India Eyes Visakhapatnam Logistics Hub: Mega-Project on Cards

Steel Exchange India Limited (NSE: INE503B01021, BSE: 534748), a prominent South Indian steel manufacturer, announced a significant collaboration on August 6, 2025. The company is partnering with Vizag Profiles Logistics Pvt. Ltd. (VPL) and Hind Terminals Pvt. Ltd. (HTPL) to explore establishing a General Cargo Terminal (GCT) and a Multi-Modal Logistics Park (MMLP) in Visakhapatnam.

This strategic, non-binding collaboration aims to boost the region’s infrastructure and streamline logistics for the steel industry. The project holds the potential to significantly enhance the movement of goods, impacting both businesses and the local economy.

The proposed GCT and MMLP are expected to create numerous employment opportunities and attract further investment in Andhra Pradesh. The project’s success hinges on detailed feasibility studies and securing the necessary approvals.

This development underscores Steel Exchange India’s commitment to growth and its vision for a more efficient steel supply chain in the region. The timely execution of this project could transform Visakhapatnam into a major logistics hub, benefiting the state’s overall economic progress.

Karanveer Sharma

A dedicated journalist and legal expert with a passion for uncovering the truth and advocating for justice. With hands-on experience in investigative journalism, legal research, and case analysis, I possess a strong ability to break down complex legal and societal issues into clear, impactful narratives. My work is driven by a commitment to transparency, integrity, and empowering people with accurate, insightful information.