Business Update1 Sept 2026, 08:40 pm
Sical Logistics Secures ₹534.7 Cr Contract from Central Coalfields
AI Summary
Sical Logistics Limited has announced the receipt of a Letter of Acceptance from Central Coalfields Limited for a significant project. The contract involves hiring of HEMM for OB removal and extraction of coal at the SDOC Mine of Dhori Area for a period of five years. The total contract value stands at ₹534,73,08,872.24, inclusive of GST. This award is a key development for the company, bolstering its order book and operational scope in the mining sector.
Key Highlights
- Sical Logistics received a Letter of Acceptance from Central Coalfields Limited.
- The contract is valued at ₹534.73 crore for a five-year period.
- Work involves HEMM hiring for OB removal and coal extraction.
- The project is located in the Dhori Area, Bokaro District, Jharkhand.
- This award significantly enhances the company's order book and operational capacity.
Price Impact
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