Stellar Value Chain Solutions has added 1.5 million sq-ft warehousing space (distribution centres) at Bhiwandi and 0.5 million sq-ft at Banur, Punjab thus scaling up its warehousing capacity by an additional 2 million sq-ft in May this year. The total warehousing capacity of Stellar Value Chain Solutions has risen to 16 million sq-ft. The capacity addition is primarily aimed at managing pan India supply chain operations for a consumer durable giant. Stellar has taken over the pan India central distribution centre operations and two regional distribution centres.
The company has plans to roll out 5 million sq-ft of warehousing operations every year and is in the process of raising funds (primary capital) of up to Rs 400 crore for further growth and expansion.
Stellar has also released a new RFQ of 10 million sq-ft of total logistics space to be developed either through the BTS (built to suit) route or the RTM (ready to move) route as the need may be over the next two years. The BTS facilities are being explored across Mumbai, Bangalore, Lucknow, Patna, Guwahati and some other cities. The RTM options are being explored across the 21 major cities in the country where Stellar has already established a considerable presence.
Anshuman Singh, CMD, Stellar Value Chain Solutions, said, “We are happy that our persistent engagement with this customer over the last two years proposing and solutioning multiple supply chain networking options has finally borne fruit. With the seamless takeover of the multi box warehousing operations in less than a week at Bhiwandi and Banur, we have lived up to our customers trust.‘’
Source : constructionweekonline