Steller Solutions plans ₹30,000-cr Logistics Park in Punjab

The consumer supply-chain firm Steller Value Solutions is setting up 200 integrated logistics parks in 50-million sq ft space across 21 major cities with an investment of ₹30,000 crore. Chairman and MD Anshuman Singh informed that the new facilities will cater to the increased demand for warehousing as customers are expecting deliveries of their shipments quickly. The company has 40 such facilities across the country and has recently opened its first warehousing hub in Punjab. It aims to achieve ₹10,000 crore top lines by FY2026 on the back of an expected higher economic growth, more business shifting to organized sector from unorganized players and new-age economy as well as eCommerce boom.

Spread across 6-lakh sq ft space and strategically located on Banur-Tepla Road in Punjab, 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 eCommerce, consumer durables, food, engineering, automotive and various industrial sectors. The warehousing hub in Punjab, which will be operational shortly, is part of its plans to offer high-end, very 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 in 3-4 years.