Sical Logistics Limited has informed the Exchange about receiving of contract
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Sical Logistics has received a Letter of Acceptance from South Eastern Coalfields Limited (SECL), a government PSU and subsidiary of Coal India, for a contract worth Rs. 4,038 crore (including GST). The work involves execution of the Porda Chimtapani Open Cast project in Raigarh, Chhattisgarh. The contract period is 4,214 days (roughly 11.5 years). The order is domestic and is not a related-party transaction. SECL is a wholly owned subsidiary of Coal India Limited, making this a government-backed mining contract.
This is a transformational order for Sical Logistics — at Rs. 4,038 crore, it is several times the company's annual revenue, which could dramatically expand its order book and revenue visibility over the next decade. The long contract duration and government counterparty (Coal India subsidiary) provide strong revenue visibility, though execution risk and capital requirements for such a large mining project remain key watchpoints for shareholders.