Asian Paints Ltd., (APL) one of the leading paint companies in India, engages Mahindra logistics Ltd. (MLL), one of India's largest 3PL solution providers, to strengthen its supply-chain in Eastern India.
MLL will be handling the Regional Distribution Centre (RDC) measuring 1 Lakh square feet at Dankuni, Hoogly, West Bengal and the first leg of distribution from this RDC. MLL's services will be backed up by technologies for transport management and warehouse management.
MLL has expertise in offering customized and end-to-end solution for supply-chain management across sectors including FMCG, Pharma, e-commerce, in addition to the Auto industry. This engagement would build improved logistics solution for the consumers in the eastern and north-eastern region.
Mr. Pirojshaw Sarkari, CEO - Mahindra Logistics, said, "Asian Paint's superior credibility in the supply-chain industry is well-known. We are happy to be partnering with them. Mahindra Logistics is a technology driven, logistics solutions provider specialising in efficient management of warehouse as well as transportation. Given our association with Asian Paints over the years, this additional scope of work will add value to their supply-chain and enable them to achieve the desired effectiveness and efficiency".
Shares of ASIAN PAINTS LTD. was last trading in BSE at Rs.1518.45 as compared to the previous close of Rs. 1547.95. The total number of shares traded during the day was 38289 in over 2782 trades.
The stock hit an intraday high of Rs. 1525.95 and intraday low of 1501.25. The net turnover during the day was Rs. 57953913.
Shares of Mahindra Logistics Ltd was last trading in BSE at Rs.344.25 as compared to the previous close of Rs. 353.1. The total number of shares traded during the day was 53127 in over 97 trades.
The stock hit an intraday high of Rs. 353 and intraday low of 344.25. The net turnover during the day was Rs. 18644781.