Bajaj Electricals, Mahindra Logistics sign Rs 1,000 crore project for integrated logistics services ANI | Updated: Mar 03, 2021 18:00 IST
The deal is an end-to-end redesign and outsourcing of BEL s entire logistics by MLL with the twin objectives of achieving enhanced service levels coupled with a logistics cost saving in excess of 25 per cent. The total contract value of this one-of-its-kind deal in Indian logistics industry will be in excess of Rs 1,000 crore over the next five years, and is the outcome of a unique and collaborative solution, both companies said in a statement.
MLL has developed for BEL a redesigned and consolidated logistics network with storage optimisation, transportation management and inventory movement through technology, best practices and automation.