SLCM to step into steel ingot, billet handling sectors

Sohan Lal Commodity Management (SLCM), which is already into Agri-warehousing, collateral management and agri-financing services, is diversifying beyond the management of agri goods.

Starting September 15, the company is planning to provide warehousing services for steel ingots and billets at its Gurugram facility.

Speaking to BusinessLine, Sandeep Sabharwal, CEO, SLCM Group, said, “We are hoping to handle 3 lakh tonnes of steel billets and ingots over the next 3-5 months. We have a database of 300 odd customers who are looking to utilise our services.”

He added: “As a company, SLCM has the ability to handle 800 different commodities. We are using an AI engine called Agri Reach for warehouse management. This was installed five years ago and as we are progressing, the system is showing the capability of handling more products, including iron, steel, copper and zinc.”

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Research Desk

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