Anuj poddar - Latest News Update, Information, Photos & Videos on Anuj poddar at Lokmat Times

Bajaj Electricals Ltd (BEL) and Mahindra Logistics Ltd (MLL) on Wednesday signed a five-year, Rs 1,000 crore agreement for logistics optimisation and outsourcing arrangement.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 compes 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.At the heart of the network, there will be two mega-warehouses in New Delhi and Mumbai with latest technology, automation and skill-building enhanced by sustainable warehouse practices.The network will further operate IT-enabled fulfilment centres from which BEL's dealers, distributors, customers will have delivery lead times.MLL will deploy long-haul fleets and local distribution trucks enabled by tracking technology and control tower operations. There will also be a transition towards sustainable logistics using electric delivery trucks from EDel by Mahindra Logistics.For BEL, the project marks a significant transition towards leveraging logistics management as a competitive advantage. "We have been actively working towards various strategic initiatives to enhance value for our customers and other stakeholders," said Executive Director Anuj Poddar."This collaboration with MLL is one such key initiative and I am confident that it will help transform our logistics, help us serve our customers efficiently, strengthen our competitiveness and also drive improved margins."Rampraveen Swaminathan, CEO and Managing Director of MLL, said: "Adapting our learnings from disparate industry verticals allowed us to create an innovative solution for the consumer durables and electronics business leveraging our reach, know-how and tech investments in equal parts."( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Anuj Poddar, NewsFOLLOW

Anuj poddar, Latest News

Business :Inflation has hurt consumers, rupee depreciation has impacted us: Bajaj Electricals

"Inflation has brought down the spending power of consumers and consumers are buying fewer goods, but paying more for ... ...

Business :Bajaj Electricals, Mahindra Logistics sign Rs 1,000 crore project for integrated logistics services

Bajaj Electricals Ltd (BEL) and Mahindra Logistics Ltd (MLL) on Wednesday signed a five-year, Rs 1,000 crore agreement for logistics optimisation and outsourcing arrangement. ...