Sical Logistics Share Price Hits 5% Upper Circuit on Securing ₹4,038 Crore Order from South Eastern Coalfields

Sical Logistics Ltd announced on January 12, 2026, that it has received a letter of acceptance from South Eastern Coalfields Limited for a contract valued at ₹4,038 crore (₹4038,18,22,219), including goods and services tax (GST). 

Project Scope and Duration 

The contract relates to the Porda Chimtapani open cast project located in Raigarh district of Chhattisgarh. According to the filing, the work will be executed over a period of 4,214 days. The company said the project will be carried out as per the specifications and conditions mentioned in the tender document issued by SECL. 

The order has been awarded by a domestic entity and pertains entirely to operations within India. Sical Logistics stated that the execution will follow the notice inviting tender dated June 16, 2025. 

Transaction Classification  

Sical Logistics clarified that the contract does not fall under related party transactions. The company stated that its promoter, promoter group and group companies do not have any interest in South Eastern Coalfields. The contract has been awarded on an arm’s length basis, in line with regulatory requirements. 

Sical Logistics Background  

Founded in 1955, Sical Logistics Limited operates across mining services and logistics. Its mining operations include projects for Northern Coalfields Ltd in Madhya Pradesh and Mahanadi Coalfields Ltd in Odisha. In 2023, Sical Logistics was acquired by Delhi-based Pristine Malwa Logistics Park Pvt Ltd. 

Sical Logistics Operations 

The company is also engaged in dredging activities and owns a cutter suction dredger that is currently deployed on the east coast of India at Ramayapatnam Port. In 2022, Sical completed dredging work for an ONGC pipeline project in Yanam, Puducherry. Other business segments include container freight stations, warehousing and third-party logistics services. 

Sical Logistics Share Price Performance  

As of January 13, 2026, 10:10 am, Sical Logistics share price was trading at ₹89.56 hits 4.99% upper circuit. 

Read More: L&T Wins Major Order for Cable-Stayed Bridge Connecting Sagar Island in West Bengal! 

Conclusion 

With this order, Sical Logistics expands its ongoing work in domestic coal mining projects. The contract will be carried out over 4,214 days in line with SECL’s tender conditions. 

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