According to a statement from SEIL, the proposed GCT will be linked to SEIL’s upcoming rail siding, allowing for smooth rail-based transportation of steel and other goods. The alliance also envisions leveraging domestic barge services for coastal shipping, thereby creating a comprehensive multimodal logistics ecosystem in and around Vizag.
“This partnership represents a strategic step toward diversifying our business while addressing the growing logistics demands in the region,” said Suresh Kumar Bandi, Joint Managing Director of Steel Exchange India Limited, who also added that Visakhapatnam is emerging as a key logistics corridor on the eastern coast. “By combining our infrastructure with the operational strengths of VPL and HTPL, we hope to deliver cost-effective, end-to-end logistics solutions,” he expained.
While the agreement is currently exploratory in nature, it sets the groundwork for joint feasibility studies, pilot initiatives, and potential commercial partnerships in the near future.
Steel Exchange India Ltd, part of the Vizag Profiles Group, is one of South India’s leading steel manufacturers and the name behind the popular ‘SIMHADRI TMT’ brand. Established in 1999, the company operates a fully integrated steel plant in Vizianagaram district, with facilities for sponge iron, billets, rolling, and captive power generation.
As it continues to align with the national ‘Atmanirbhar Bharat’ mission, SEIL is also venturing into the specialty steel segment under the Production Linked Incentive (PLI) scheme, aiming to substitute imports with high-value domestic production.
For FY25, the company reported a total income of Rs 1,163.37 crore, an EBITDA of Rs 143.60 crore, and a net profit of Rs 25.93 crore—figures that reflect both resilience and ambition as SEIL expands its footprint in India’s industrial landscape.
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