Mahindra Logistics unveils its built-to-suit multi-user warehouse near Chennai

Known for its operational excellence in warehouse management, distribution and transportation, Mahindra Logistics Ltd. (MLL), one of India's largest third-party logistics (3PL) solution providers, today unveiled its 3.5 lakh sq. ft area to its existing 'Built-To-Suit' (BTS) warehousing capacity today. The facilities are developed to sustainable standards and allow MLL to provide flexible and scalable fulfillment and integrated distribution solutions.

This site situated at Kancheepuram district, is focusing on integrated solutions for India's largest e-commerce player and one of the leading German auto-component suppliers in India.

Mr. Rampraveen Swaminathan, Managing Director and CEO, Mahindra Logistics Limited, said, "We are very happy to unveil this large Built-to-Suit (BTS) facility, our largest in Tamil Nadu. This space will cater to two of our key clients in e-commerce and auto-engineering Industries. We are providing new solutions to our clients like returns processing, pop-up sort centers and integrated distribution services, and we are confident that our expertise will add the much-needed supply chain solutions for our clients," he adds.

Shares of Mahindra Logistics Ltd was last trading in BSE at Rs.396.75 as compared to the previous close of Rs. 397.85. The total number of shares traded during the day was 7762 in over 731 trades.

The stock hit an intraday high of Rs. 403.75 and intraday low of 383.65. The net turnover during the day was Rs. 3064390.

Source : Equity Bulls

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