te Mahindra Logistics to invest Rs 170 crore on warehousing facility near Pune | Zee Business

Mahindra Logistics to invest Rs 170 crore on warehousing facility near Pune

Mahindra Logistics will manage inbound logistics to manufacturing and distribution solutions of diverse clients in automotive and manufacturing sectors located in the region.

Mahindra Logistics to invest Rs 170 crore on warehousing facility near Pune
The company and its partners are set to invest Rs 170 crore across multiple phases for the development of the new facility and related infrastructure.

Mahindra Logistics Limited (MLL) on Tuesday announced the construction of its warehousing facility in Phaltan, near Pune with an investment of Rs 170 crore.

Spread over 6.5 lakh square feet (sq ft), the new facility will be developed in two phases. The first phase, comprising 3.5 lakh sq ft, is scheduled to be operational by the end of 2024, the company said in a statement.

Mahindra Logistics will manage inbound logistics to manufacturing and distribution solutions of diverse clients in automotive and manufacturing sectors located in the region, the company said.

TRENDING NOW

The company and its partners are set to invest Rs 170 crore across multiple phases for the development of the new facility and related infrastructure.

"To enhance our capabilities and meet the rising demand, we are expanding our multi-client warehousing network across India. Our latest facility in Phaltan is strategically located to augment the overall business ecosystem for our valued clientele in the region," said Rampraveen Swaminathan, Managing Director and Chief Executive Officer, Mahindra Logistics Ltd (MLL).

Phaltan is a strategic location in close proximity to key customers in auto Original Equipment Manufacturer (OEM) and components, the company said.

Written By: PTI
Updated: Tue, Jan 23, 2024
02:51 pm
New Delhi, PTI
RELATED NEWS
Mahindra Logistics announces sale of entire 39.79% stake in TLPL Mahindra Logistics announces sale of entire 39.79% stake in TLPL
Mahindra Logistics declines over 5% as firm posts consolidated loss of Rs 16 crore for Q2 Mahindra Logistics declines over 5% as firm posts consolidated loss of Rs 16 crore for Q2
This logistics solution provider is expected to rise 20% in next 6-12 months; take a look This logistics solution provider is expected to rise 20% in next 6-12 months; take a look
Mahindra Logistics Q2 PAT drops 37% to Rs 9.29 crore Mahindra Logistics Q2 PAT drops 37% to Rs 9.29 crore

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x