Shree Shubham Logistics Limited (SSLL) has signed a Memorandum of Understanding (MoU) with Axis Bank to work together in the area of warehouse-based receipt financing.

The agreement is aimed at bringing the two institutions together, with the bank extending finance against warehoused commodities and inventories.

SSLL, a subsidiary of Kalpataru Power Transmission Limited, is a Gujarat-based company focused on developing commodity warehousing logistics parks in strategic locations in the country.