Sical Logistics Secures ₹4038 Crore Contract, Shares Under Watch After 32% Drop

• Sical Logistics received a ₹4,038 crore contract from South Eastern Coalfields Ltd (SECL) for the Porda Chimtapani Open Cast Mining Project in Raigarh, Chhattisgarh.
• The project, awarded by a domestic government entity, is to be completed over 4,214 days.
• Sical Logistics, established in 1955 and acquired by Pristine Malwa Logistics Park Pvt Ltd in 2023, is a leading integrated logistics service provider.
• The company has a strong presence in mining and dredging, with ongoing projects for Northern Coalfields Ltd and Mahanadi Coalfields Ltd, and dredging work at Ramayapatnam Port.
• Sical Logistics shares closed at ₹87.65, showing a 32.55% negative return over the last year, with a market cap of ₹571.91 crore.

Why It Matters: Sical Logistics' significant new contract could impact its stock performance after a recent 32% decline.