Mahindra Logistics rides high on partnering with Sangti Solutions to cut carbon emission in supply chain
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Mahindra Logistics is currently trading at Rs. 495.00, up by 8.85 points or 1.82% from its previous closing of Rs. 486.15 on the BSE.
The scrip opened at Rs. 485.00 and has touched a high and low of Rs. 499.35 and Rs. 481.85 respectively. So far 11445 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 554.05 on 02-Jul-2024 and a 52 week low of Rs. 347.15 on 25-Oct-2023.
Last one week high and low of the scrip stood at Rs. 504.40 and Rs. 476.00 respectively. The current market cap of the company is Rs. 3578.38 crore.
The promoters holding in the company stood at 58.03%, while Institutions and Non-Institutions held 23.02% and 18.95% respectively.
Mahindra Logistics has entered into a technology collaboration with AI-powered sustainability startup Sangti Solutions for reducing carbon emission in supply chain. As part of this collaboration, a fully automated system will be established through a SaaS (software-as-a-service) platform. Accredited by the Global Logistics Emission Council (GLEC) and ISO 14083, the system seamlessly integrates into existing logistics and supply chain management processes.
The system provides a centralised interface for efficient data management and comprehensive viewing. The partnership will provide carbon emission KPIs (key performance indicators) for sectors such as auto, telecom, e-commerce, manufacturing, and white goods across full and part truck load, warehousing, and cross-border solutions.
Mahindra Logistics (MLL) 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.
