Mahindra logistics Ltd. (MLL), one of India's largest 3PL solution providers, recently launched a state-of-art distribution centre for the Pharma industry in North India. With this launch, MLL forays into a first-of-its-kind temperature-controlled warehouse in the Pharma sector.
Through this facility, MLL will manage the warehousing and distribution for its client, in addition to their inbound and outbound multi-modal transportation across India. The state-of-the-art warehouse is specially designed and equipped with the latest temperature control mechanisms for efficient power consumption, customized storage, diverse Material Handling Equipment (MHE) and the very latest in technological solutions, including 'Mycargo360', a Transport Management Systems (TMS).
Mr. Rampraveen Swaminathan, CEO - Mahindra Logistics, said, "We are delighted to open this facility and we are certain that this facility will align our clients' distribution network in North India and achieve their post-GST requirements. The facility is sustainable and energy efficient. Our integrated distribution solution combining warehousing, transportation and express movement will help our customers optimize their cost and on-time delivery", he adds.
The launch of this facility once again reinforces MLL's expertise in logistics solutions for the pharma and consumer industries in India. MLL provides a range of services and solutions including warehousing, distribution and cross-border logistics solutions for the pharma industry. With warehousing, transportation and freight forwarding operations spanning 15 million square feet and 75000 vehicle placements per month, MLL has an extensive pan-India network and global connectivity.
Shares of Mahindra Logistics Ltd was last trading in BSE at Rs.397 as compared to the previous close of Rs. 412.15. The total number of shares traded during the day was 1183 in over 298 trades.
The stock hit an intraday high of Rs. 416 and intraday low of 397. The net turnover during the day was Rs. 484947.