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.
Bajaj Electricals, Mahindra Logistics sign Rs 1,000 cr-contract
It has been done with the twin objectives of achieving enhanced and industry-best service levels, coupled with a logistics cost saving in excess of 25 per cent, BEL said in a regulatory filing.
Bajaj Electricals Ltd and Mahindra Logistics Ltd on Wednesday signed a logistics optimisation and outsourcing contract worth over Rs 1,000 crore for the next five years.
As per the agreement, Bajaj Electricals Ltd (BEL) will outsource its entire logistics to Mahindra Logistics Ltd (MLL), which will also provide a complete end-to-end redesign.
It has been done with the twin objectives of achieving enhanced and industry-best service levels, coupled with a logistics cost saving in excess of 25 per cent, BEL said in a regulatory filing.
Mahindra Logistics Ltd registered volume of 1.5 lakh shares by 10:48 IST on BSE, a 52.54 fold spurt over two-week average daily volume of 2847 shares
EPL Ltd, JSW Energy Ltd, MOIL Ltd, Garden Reach Shipbuilders & Engineers Ltd are among the other stocks to see a surge in volumes on BSE today, 02 March 2021.
Mahindra Logistics Ltd registered volume of 1.5 lakh shares by 10:48 IST on BSE, a 52.54 fold spurt over two-week average daily volume of 2847 shares. The stock slipped 0.18% to Rs.483.00. Volumes stood at 2146 shares in the last session.
EPL Ltd registered volume of 3.55 lakh shares by 10:48 IST on BSE, a 9.88 fold spurt over two-week average daily volume of 35935 shares. The stock rose 1.02% to Rs.222.20. Volumes stood at 26132 shares in the last session.
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India E-commerce Logistics Market study by “The Business Market Insights” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.
The Indian e-commerce logistics market was valued at US$ 2.9 billion in 2019 and is projected to reach US$ 11.5 billion by 2027; it is expected to grow at a CAGR of 18.8% from 2020 to 2027.
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