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Mahindra Logistics gets nod to invest Rs 7 crore in TLPL

30 Aug 2018 Evaluate

Mahindra Logistics has received an approval for an investment of an amount up to Rs 7 crore in Transtech Logistics (TLPL). The Board of Directors of the company at their Meeting held on August 29, 2018, approved the same.

The proposed investment in TLPL, which has built a technology platform, is expected to bring operational efficiencies in SCM function of the company. Further, it would also provide opportunities to the company to offer technology solutions to its customers and business partners. This is part of the larger end-to-end digitization plan for the company. This investment will help TLPL in developing more product features and strengthening the organization.

Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.

Mahindra Logistics Share Price

432.00 13.85 (3.31%)
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