Steel Exchange India has announced plans to develop a cargo terminal and a multi-modal logistics park at its Vizianagaram facility in Andhra Pradesh. 

This project, which will be carried out in a phased manner, is a strategic move to leverage the company's location and capitalize on the growing demand for logistics and warehousing solutions. 

The new hub is expected to improve the company's operational efficiency and contribute to the economic development of the region by providing a crucial link in the logistics chain.

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.