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Broker s call: Mahindra Logistics (Buy)
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CMP: ₹507.25
Bajaj Electricals Limited (BEL) and Mahindra Logistics (MLL) have announced they have signed a contract for innovative logistics optimisation and outsourcing.
The deal is a complete end-to-end redesign and outsourcing of BEL’s entire logistics by MLL, with the twin objective of achieving enhanced and industry-best service levels, coupled with a logistics cost saving in excess of 25 per cent.
The total contract value of this deal will be in excess of ₹1,000 crore over the next five years (over ₹200 crore p.a). Margins, we believe, can be in the 9-10 per cent range given the typical mix of warehousing and transportation involved in any end-to-end supply chain management contract.
Read more about Bajaj Electricals, Mahindra Logistics ink Rs 1,000 crore outsourcing deal on Business Standard. Involves end-to-end redesign of Bajaj Electricals logistics by Mahindra, with the twin aim of achieving enhanced and industry-best service levels, and cost saving of over 25%