SLCM to provide warehousing services to ACE members

Agri-logistics firm SLCM today said it has got accreditation from the Ace Derivatives and Commodity Exchange (Ace) for providing warehousing facilities to the trading members of the bourse.
"SLCM has received empanelment as Warehouse Service Provider (WSP) from Ace Derivatives and Commodity Exchange Ltd," Delhi-based warehousing firm said in a statement.
The accreditation from Ace will enable SLCM to provide storage/warehousing facilities to trading/clearing members of the exchange and their constituent/clients that will include acceptance, storage and delivery of the commodities traded on bourse, it added.
Commenting on the development, SLCM Group CEO Sandeep Sabharwal said: "We are proud to be associated with Ace, which has set high standards in the field of commodity trading in India and offers state-of-the art trading platform."

As warehouse service provider for ACE, he said the company is committed to provide the best technology enabled storage solutions and well-maintained protection services for the entire range of agri-commodities to the exchange's trading members and their clients.
SLCM is already accredited with commodity exchange MCX.
It is a technology driven agri-logistic company, which is having a network of 600+ warehouses and 9 cold storages spread across 20 states. The company handles about 150 plus agri commodities.