Delhivery Ltd., India's largest fully integrated logistics services provider, has won the contract to design, build, and operate the factory-to-customer supply chain for Havells India Limited in western India. Covering Havells' product portfolio of electrical and consumer goods, Delhivery will deploy its technology-led integrated warehousing and transportation solutions to deliver speed, precision, and faster complete end-to-end visibility.
Delhivery started its journey with Havells in 2017 by providing part-truck load (PTL) services. Over the years, Delhivery's role has evolved from being a transportation service provider to a strategic partner in Havells' growth journey.
Strengthening this partnership further, Delhivery and Havells will jointly inaugurate new warehouses in western India to cater to the multi-channel demand spanning general and modern trade to emerging e-commerce retail. With its latest acquisition of Algorhythm tech, Delhivery will seek to unlock further value through data-driven optimization of Havells' supply chain.
Commenting on the announcement, Vineet Jain, Senior Vice President, Havells India Limited, said, "With our ambitious growth plans, objectives on digital transformation, and desire to make our supply chain future-ready, Havells firmly believes that Delhivery has the right technology, operational capabilities, and innovative mindset to be our partner."
Commenting on the partnership, Sandeep Barasia, Executive Director and Chief Business Officer, Delhivery, said, "We are delighted to be a trusted partner for Havells as it embarks on a large-scale transformation of its supply chain. We believe that Delhivery can power Havells to achieve its growth targets while also enabling its digital transformation goals with our technology platform. Our experience across a range of sectors-from automotive, engineering & industrials to pharma, FMCG, and retail-will unlock tangible value across the complete value chain."
Shares of Delhivery Limited was last trading in BSE at Rs. 421.60 as compared to the previous close of Rs. 422.40. The total number of shares traded during the day was 69221 in over 2701 trades.
The stock hit an intraday high of Rs. 436.65 and intraday low of 418.00. The net turnover during the day was Rs. 29544383.00.
*( The partnership with Havells India was announced in the company's last earnings call)