Stellar Value commits an investment of Rs 30,000 cr to set up 200 logistics parks in 4-5 years

Mumbai, consumer supply chain company Steller Value Solutions is establishing 200 integrated logistics parks in a 50 million square foot space in 21 major cities with an investment commitment of Rs 30,000 crore in 4 to 5 years , said a senior company official.

The new facilities will meet the growing demand for warehousing as customers expect their shipments to be delivered in the blink of an eye, said chairman and general manager Anshuman Singh.

The company, which already has 40 such facilities across the country and opened its first warehouse facility in the Punjab earlier this week, also aims to reach Rs 10,000 crore by fiscal 2026 through higher expected economic growth, more business transfer to the organized sector of unorganized players and new age economy as well as e-commerce boom, he said.

Spread over a 6 lakh square foot space and strategically located on Banur-Tepla road, the new warehousing infrastructure offers tailor-made options, catering to national and multinational companies in sectors such as FMCG, Pharmaceuticals, Fashion, Retail retail and e-commerce, consumer durables, food, engineering, automotive and various industrial sectors.

“The Punjab Warehouse, which will be operational in the next 90 days, is part of our plans to deliver a very large, high-end infrastructure consisting of 50 million square feet of Class A + warehouse in 21 major cities. through 200 integrated logistics parks. in the country, connected to 50,000 trucks in 3-4 years, ”Singh told PTI during an interaction.

“This 50 million square foot Class A + infrastructure combined with 50,000 Class A + transport systems will require an investment of Rs 30,000 crore,” he said.

This investment works with world-class technology, solution and design, which help reduce costs and time (for deliveries), he said.

Stating that Rs 30,000 crore is Stellar Value Chains’ “committed investment”, he said most of these investments would come from developers and vendor partners.

He said the company was open to raising funds from all available instruments, including debt, equity as well as through a public listing, adding: “We have yet to confirm any plan”.

“The way companies get on the stock exchanges, this option (to be listed) is also something to consider. However, this will not happen in the immediate future,” Singh said.

Noting that over the past 5-6 years, the supply chain has evolved dramatically, especially with the advent of e-commerce, he said customer expectations have increased as food shipments and online groceries were now delivered in as little as 10 minutes, making overnight deliveries not good enough.

“Initially, when we designed the logistics infrastructure with the thought that this (Banur) is remote from NCR, so all the products can be serviced from NCR and stored in NCR and this whole area can be serviced overnight. In the midst of this change, the concept of having a facility with excess shipments is no longer sufficient.

“When we built our strategy about five years ago, we built it around 21 cities. This strategy remains solid. However, the size of each of these 21 integrated hubs is being revised upwards,” did he declare.

“Under the revised strategy, this (Banur) facility will be the primary delivery location or the primary power facility for all consumption clusters in the surrounding areas. Then in each city like Amritsar, Ludhiana and Chandigarh, there will be a small cross-mooring center or dark store, which will be inside the city. But this will be the main power facility, making it a Category A + facility, ”he said.

According to Singh, the company has grown 100% in the past six months and is looking to double its revenue in the future.

“We are looking to become a Rs 10,000 crore revenue business by FY 2026,” Singh added.

Singh said the company is modernizing its truck fleet by equipping them with technologies such as telematics and GPS devices, with plans to introduce green vehicles as well.

“We are also planning to deploy drones to take inventory. We will start with five installations, two each in the north and west and one in the south,” he said. PTI IAS MR MR

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