Close Menu
  • Home
  • About
  • News
  • Awards
  • Media & Press
  • Video Podcasts
  • Magazines
  • Events
  • Contact
Facebook X (Twitter) Instagram
Gazet International – Global Magazine
AWARD NOMINATION
  • Home
  • About
  • News
  • Awards
  • Media & Press
  • Video Podcasts
  • Magazines
  • Events
  • Contact
You are at:Home » IEL Limited Diversifies into Warehousing and Storage Sector with Land Acquisition in Lucknow for First Project​
Business

IEL Limited Diversifies into Warehousing and Storage Sector with Land Acquisition in Lucknow for First Project​

Gazet InternationalBy Gazet InternationalDecember 16, 2024Updated:December 16, 20243 Mins Read
Facebook Twitter LinkedIn
Share
Facebook Twitter LinkedIn

IEL Limited (formerly Indian Extractions Limited) (BSE: 524614, Symbol – INDXTRA), a renowned name in chemical, dye, pigment, and commodity trading, has announced its strategic diversification into the warehousing and storage sector. As a significant milestone in this journey, the company has acquired approximately 29,598.89 square meters of land in Village Neeva, Sarojini Nagar, District Lucknow, for RS. 11.80 crores.

IEL(indxtra limited) diversified into warehouse solution

Evolution and Diversification

Starting as a manufacturer and exporter of solvent extraction and groundnut oil, IEL Limited has evolved into a key player in export trading and chemical indenting. Catering to international markets like the U.S. and Europe, the company specializes in trading chemicals, dyes, pigments, intermediates, and commodities, while also providing marketing and support services.

Building on its established expertise, IEL is expanding into the development, operation, and management of modern storage facilities across India. This move represents a transformative step in the company’s growth, positioning it as a leader in the burgeoning warehousing and logistics sector.

Ambitious Warehousing Initiatives

IEL Limited’s new warehousing and storage ventures will feature state-of-the-art facilities, including:

Warehouses

Cold storage units

Godowns

Equipped with advanced technology, these facilities will streamline logistics and distribution, addressing the increasing demand for reliable storage solutions across industries. By amending its Memorandum of Association, IEL has laid a foundation for its new business focus, which includes:

Constructing and maintaining storage facilities for commodities and goods.

Offering services such as clearing, forwarding, transportation, and distribution of stored items.

Acting as packers, hauliers, and commission agents to support end-to-end logistics solutions.

Lucknow Land Acquisition

The recently acquired land in Lucknow will be used to establish cutting-edge storage facilities, marking the company’s first project in its warehousing and logistics diversification. This initiative underscores IEL’s commitment to contributing to India’s infrastructure growth and addressing the evolving needs of various industries.

Market Potential

India’s warehousing and logistics sector is projected to grow exponentially, reaching a market size of $215 billion by 2026. IEL Limited’s entry into this space positions it to seize emerging opportunities, playing a pivotal role in enhancing India’s supply chain infrastructure.

Leadership’s Vision

Commenting on this strategic initiative, IEL Limited’s leadership stated, “Our diversification into warehousing and storage aligns with our vision to evolve with market demands. The Lucknow project is the first of many steps we are taking to offer state-of-the-art storage solutions across India. This expansion not only strengthens our business portfolio but also reflects our commitment to contributing to the nation’s economic growth and infrastructure development.”

About IEL Limited

Listed on the BSE, IEL Limited has a rich legacy in manufacturing and exporting, later establishing itself as a trusted name in chemical and commodity trading. With a focus on quality and reliability, the company has expanded its presence in domestic and international markets. Now venturing into warehousing and logistics, IEL is poised to play a transformative role in India’s supply chain sector.

​ 

Share. Facebook Twitter LinkedIn
Previous ArticleKnow About Prateek Group’s Upcoming Premium Residences in Siddharth Vihar, Ghaziabad​
Next Article bauma CONEXPO INDIA 2024: Redefining India’s Infrastructure Vision with a Record-Breaking Edition​

Related Posts

Admissions Surge as Shrewsbury International School India Prepares for its Grand Opening in Bhopal on August 8​

May 10, 2025

Mother’s Day Gifting Options by Kicky and Perky​

May 10, 2025

Sanfort Set to Launch India’s First IB Preschool Chain with a Vision for Futuristic Childhood Education​

May 10, 2025
  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • LinkedIn
Don't Miss

Admissions Surge as Shrewsbury International School India Prepares for its Grand Opening in Bhopal on August 8​

Mother’s Day Gifting Options by Kicky and Perky​

Sanfort Set to Launch India’s First IB Preschool Chain with a Vision for Futuristic Childhood Education​

Emirates Shipping Congress and IEC Telecom Drive Maritime Digital Transformation at UAE Maritime Week

Recent Posts
  • Admissions Surge as Shrewsbury International School India Prepares for its Grand Opening in Bhopal on August 8​
  • Mother’s Day Gifting Options by Kicky and Perky​
  • Sanfort Set to Launch India’s First IB Preschool Chain with a Vision for Futuristic Childhood Education​
  • Emirates Shipping Congress and IEC Telecom Drive Maritime Digital Transformation at UAE Maritime Week
  • Samsung Galaxy S25 Edge Features New Corning Gorilla Glass Ceramic 2 for Enhanced Durability​
Recent Comments
    Archives
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • October 2023
    • September 2023
    • January 2021
    Categories
    • Banking
    • Blog
    • Business
    • Corporate
    • Editor's Column
    • Events
    • Executive Spotlight
    • Finance and Investing
    • Lifestyle
    • magazine
    • podcast
    • Press Release
    • Technology
    • World
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    About

    GAZET INTERNATIONAL


    Gazet International Magazine is a global entity that works towards providing latest information and news updates of the world. It entraps latest stories in banking, finance, lifestyle and various beats of the world. We engage in recognizing and rewarding the global organizations for their achievements in various fields and deliver justice to the nominees with valued identification and recognition of companies that indulge in the Gazet Award Ceremony.

    Facebook X (Twitter) Instagram YouTube LinkedIn
    Categories
    • Banking
    • Blog
    • Business
    • Corporate
    • Editor's Column
    • Events
    • Executive Spotlight
    • Finance and Investing
    • Lifestyle
    • magazine
    • podcast
    • Press Release
    • Technology
    • World
    Latest posts
    Press Release

    Admissions Surge as Shrewsbury International School India Prepares for its Grand Opening in Bhopal on August 8​

    May 10, 2025
    Press Release

    Mother’s Day Gifting Options by Kicky and Perky​

    May 10, 2025
    Press Release

    Sanfort Set to Launch India’s First IB Preschool Chain with a Vision for Futuristic Childhood Education​

    May 10, 2025
    Press Release

    Emirates Shipping Congress and IEC Telecom Drive Maritime Digital Transformation at UAE Maritime Week

    May 9, 2025
    1 2 3 … 715 Next
    Official Partner

    7ITS NEWS

    Copyright © 2025. Gazet International

    Type above and press Enter to search. Press Esc to cancel.