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Stellar Value To Set Up 200 Logistics Parks With Five Facilities In Four To Five Years

Steller India

Initially when it had designed the logistics infrastructure thinking that Banur is driving distance from NCR, so all the products can be serviced from NCR and stored in NCR and this whole region can be serviced over-night.

One of the largest Consumer supply chain company in India Steller Value Solutions is ready to set up 200 integrated logistics parks in 50 million sq ft space across 21 major cities within in four to five years. According to the report, the company will make an investment of Rs 30,000 crore towards the parks.

Most of this would come from developers and vendor partners. The new facilities will cater to the increased demand for warehousing as customers are expecting deliveries of their shipments at the drop of a hat. The company, which already has 40 such facilities across the country, and opened earlier its first warehousing hub in Punjab, is also aiming to achieve Rs 10,000 crore topline by FY26 on the back of an expected higher economic growth, more business shifting to organised sector from unorganised players and new-age economy along with e-commerce boom. 

Steller India

The new facilities will cater to the increased demand for warehousing as customers are expecting deliveries of their shipments at the drop of a hat.

Spread across six-lakh sq ft space and strategically located on Banur-Tepla Road, the new warehousing infrastructure offers built-to-suit options, catering to both domestic and multinational companies from sectors such as FMCG, pharmaceutical, fashion, retail and e-commerce, consumer durables, food, engineering, automotive and other industrial sectors. The warehousing hub in Punjab, which will be operational in next 90 days, is part of the company’s plans to offer high-end, large infrastructure consisting of 50 million sq ft of grade A+ warehouse in 21 major cities across 200 integrated logistics parks in the country, connected with 50,000 trucks. The company is open to raise funds from all available instruments, including debt, equity as well as through public listing. However, it has not yet firmed up any plan. 

Initially when it had designed the logistics infrastructure thinking that Banur is driving distance from NCR, so all the products can be serviced from NCR and stored in NCR and this whole region can be serviced over-night. However amid this shift, the concept of having a facility with over deliveries is no longer good enough. As part of the revised strategy, the Banur facility will be the primary delivery location or main feeder facility for all the consumption clusters in the surrounding areas. In each city such as Amritsar, Ludhiana and Chandigarh will have a small cross-docking centre or dark store, which will be inside the city. 

But this one will be the main feeder facility, making it A+ Grade facility. The company is upgrading its truck fleet by equipping them with technology such as telematics and GPS devices, with plans to induct green vehicles as well. It is also looking at deploying drones for stocktake. It will start with five facilities, two each in North and West and one in South.

It is also looking at deploying drones for stocktake. It will start with five facilities, two each in North and West and one in South.

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