Stellar Value Chain Solutions, one of the largest tech-enabled 3PL warehouse and distribution solutions providers, 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. After this latest operational expansion, the total warehousing capacity of Stellar Value Chain Solutions has risen to 16 million sq. ft. The capacity addition is primarily aimed at efficiently 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 for 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.
Strategically located at Bhiwandi and Banur, these mega distribution centres are spread across 2 million sq. ft. and are well-connected through major highways, thus offering quick transportation to the rest of the country.