Stock in Focus: This logistics services provider wins contract to fulfil Havells India’s western region demand through its Integrated Supply Chain Solutions

The stock is up by 15 per cent in 3 months and over 30 per cent in 6 months.

Delhivery Ltd, India’s largest fully integrated logistics services provider, has won the contract to design, build, and operate the factory-to-customer supply chain for Havells India Limited in western India. Covering Havells’ product portfolio of electrical and consumer goods, Delhivery will deploy its technology-led integrated warehousing and transportation solutions to deliver speed, precision, and faster complete end-to-end visibility. Delhivery started its journey with Havells in 2017 by providing part-truck load (PTL) services. Over the years, Delhivery’s role has evolved from being a transportation service provider to a strategic partner in Havells’ growth journey.

Strengthening this partnership further, Delhivery and Havells will jointly inaugurate new warehouses in western India to cater to the multi-channel demand spanning general and modern trade to emerging e-commerce retail. With its latest acquisition of Algorhythm tech, Delhivery will seek to unlock further value through data-driven optimization of Havells’ supply chain.

Commenting on the announcement, Vineet Jain, Senior Vice President of Havells India Limited, said, "With our ambitious growth plans, objectives on digital transformation, and desire to make our supply chain future-ready, Havells firmly believes that Delhivery has the right technology, operational capabilities, and innovative mindset to be our partner.”

Commenting on the partnership, Sandeep Barasia, Executive Director and Chief Business Officer, Delhivery, said, “We are delighted to be a trusted partner for Havells as it embarks on a large-scale transformation of its supply chain. We believe that Delhivery can power Havells to achieve its growth targets while also enabling its digital transformation goals with our technology platform. Our experience across a range of sectors—from automotive, engineering & industrials to pharma, FMCG, and retail—will unlock tangible value across the complete value chain.”

Today, shares of Delhivery Ltd surged 1.36 per cent to Rs 416.70 per share with an intraday high of Rs 420 and an intraday low of Rs 409. The stock’s 52-week high is Rs 621.35 and its 52-week low of Rs 291.

The stock is up by 15 per cent in 3 months and over 30 per cent in 6 months. Investors should keep an eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.