Sical Logistics Ltd (SICAL) inked a ₹39.23‑crore deal with Steel Authority of India Ltd (SAIL) for iron‑ore excavation and transport from Dalli Mechanised Mine, Phase 6, covering Oct‑05‑26 to Nov‑18‑28. The contract value excludes GST.
The agreement, signed on 3 Oct 2026, follows a ₹4,038‑crore contract from South Eastern Coalfields, underscoring Sical’s expanding mining‑logistics footprint. Established in 1955, the firm was acquired by Pristine Malwa Logistics Park Pvt. Ltd. in 2023 and now operates cutter‑suction dredgers along the east coast.
Despite the headline‑making contract, Sical’s shares fell 4.98% to ₹86.90 on the BSE, while SAIL slid 4.19% to ₹174.00. Analysts point to a sector‑wide dip in freight rates and rising input costs as dampeners.
Sical has no related‑party exposure to the award, and its promoters remain outside the bidding entity. The company will report Q4 results on 15 Dec 2026, with analysts expecting a 12‑15% revenue lift from new contracts.