Deals4 Oct 2026, 10:30 am
Sical Logistics Wins ₹39.23 Cr Mining Contract from SAIL
AI Summary
Sical Logistics Limited has secured a significant contract from Steel Authority of India Limited (SAIL) for the excavation and transportation of iron ore from Dalli Mech. Mine, phase #6. The contract is valued at ₹39,22,92,000 (₹39.23 Crore) excluding GST and will be executed over a period from October 5, 2026, to November 18, 2028. This award is expected to bolster the company's order book and revenue streams in the mining and logistics sector. The company has also committed to hosting this information on its website.
Key Highlights
- Secured ₹39.23 Crore contract from Steel Authority of India Limited.
- Contract involves excavation and transportation of iron ore.
- Project duration is from October 2026 to November 2028.
- No promoter or group company interest in the awarding entity.
- Transaction is not considered a related party transaction.
Price Impact
More from SICALLOG