IEL Ltd (formerly Indian Extractions Ltd) is expanding into the growing warehousing and storage industry. The company has acquired 29,598.89 sq m of land in Lucknow’s Village Neeva for Rs 11.80 crore. The company is marking the beginning of its expansion into this new business sector.
Strategic growth and expansion
Originally focused on manufacturing and exporting groundnut oil, IEL Ltd has evolved into a major player in chemical trading. Now, the company is tapping into the booming warehousing sector with plans to develop modern storage facilities across India, including warehouses, cold storage units, and godowns. This strategic move is set to meet the increasing demand for reliable storage solutions, benefiting industries nationwide.
IEL’s new ventures will include state-of-the-art facilities equipped with advanced technology to streamline logistics. The company’s expanded services will encompass storage, transportation, distribution, and logistics solutions, aiming to improve India’s supply chain infrastructure.
Future market potential
With India’s warehousing sector projected to reach $215 billion by 2026, IEL Ltd is well-positioned to capitalise on this growing market. The company’s investment in warehousing infrastructure signals its long-term commitment to contributing to India’s infrastructure growth and supporting the logistics needs of various industries.
