Bajaj Electricals, Mahindra Logistics sign Rs 1,000 cr-contract

Bajaj Electricals, Mahindra Logistics sign Rs 1,000 cr-contract
It has been done with the twin objectives of achieving enhanced and industry-best service levels, coupled with a logistics cost saving in excess of 25 per cent, BEL said in a regulatory filing.
Bajaj Electricals Ltd and Mahindra Logistics Ltd on Wednesday signed a logistics optimisation and outsourcing contract worth over Rs 1,000 crore for the next five years.
As per the agreement, Bajaj Electricals Ltd (BEL) will outsource its entire logistics to Mahindra Logistics Ltd (MLL), which will also provide a complete end-to-end redesign.
It has been done with the twin objectives of achieving enhanced and industry-best service levels, coupled with a logistics cost saving in excess of 25 per cent, BEL said in a regulatory filing.

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