STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding a press release dated August 06, 2025, titled "Strategic Collaboration to Strengthen Multimodal Logistics Capabilities in Visakhapatnam".
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Steel Exchange India Limited (SEIL), a South India-based integrated steel manufacturer known for its 'SIMHADRI TMT' brand, has announced a non-binding strategic collaboration with Vizag Profiles Logistics Pvt. Ltd. (VPL) and Hind Terminals Pvt. Ltd. (HTPL). The partnership aims to develop a General Cargo Terminal (GCT) and a Multi-Modal Logistics Park (MMLP) in Visakhapatnam, covering container train operations, coastal shipping using barges, rail-based inland transport, and end-to-end multimodal logistics services. SEIL will contribute its developing GCT rail siding, VPL its regional logistics infrastructure, and HTPL its port-linked cargo expertise. For FY25, SEIL reported Total Income of ₹1,163.37 Cr, EBITDA of ₹143.60 Cr, and Net Profit of ₹25.93 Cr.
This is a non-binding collaboration at the feasibility stage, so no immediate financial impact is expected. However, it signals SEIL's diversification beyond core steel manufacturing into logistics infrastructure, which could enhance supply chain efficiency and create a new revenue stream if commercial operations materialize. Sentiment is likely positive given the infrastructure growth angle, though investors should note this is preliminary and not a definitive agreement.