Mumbai, October 3 (Udaipur Kiran News): Shares of Mahindra Logistics edged higher on Thursday after the company announced the launch of two state-of-the-art Grade A warehousing facilities in Guwahati and Agartala, strengthening its presence in eastern India.
The new facilities, spanning over 4 lakh sq. ft., are part of the company’s ‘Go-East’ strategy aimed at enhancing regional connectivity, boosting operational capabilities, and meeting the growing demand for integrated logistics solutions.
As part of this strategy, Mahindra Logistics has developed 1 million sq. ft. of multi-client warehousing space across the region and plans to expand express logistics services to more than 800 pin codes. The expansion is expected to generate over 2,000 employment opportunities, with 50% workforce diversity from local communities.
The company said the new warehouses will cater to industries such as e-commerce, FMCG, pharmaceuticals, automobiles, retail, and grocery, providing end-to-end solutions including warehousing, distribution, fulfilment, sortation, and delivery. The operations will cover first, mid, and last-mile logistics, as well as express and long-haul line haul services.
On the BSE, Mahindra Logistics was trading at ₹349.45, up ₹1.00 or 0.29% from its previous close of ₹348.45. The stock touched an intraday high of ₹351.95 and low of ₹344.05. The company’s market capitalization stands at ₹3,453.97 crore.
Promoters hold 57.97%, while institutions and non-institutional investors own 18.66% and 23.37%, respectively.
Mahindra Logistics (MLL) is a leading provider of integrated logistics, offering warehousing, freight forwarding, supply chain management, and people transport solutions for corporate clients.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
