Sical Logistics wins Rs 534.73 crore coal mining contract from Central Coalfields
SICALLOG · price
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Sical Logistics has received a Letter of Acceptance from Central Coalfields Limited, a Coal India subsidiary, for OB removal and coal extraction at SDOC Mine in Dhori Area, Bokaro, Jharkhand. The 5-year contract is worth Rs. 534.73 crore including 18 percent GST and covers re-handling of 201.355 lakh cubic meters of OB, removal of 336.533 lakh cubic meters of hard OB, and extraction of 91.036 lakh tonnes of coal.
Large multi-year PSU order materially boosts order book and revenue visibility over five years; positive for the stock.