Sical Logistics advances after new order win

Sical Logistics rose 2.81% to Rs 257.50 at 10:23 IST on BSE after the company was awarded a letter of acceptance from Mahanadhi Coal Fields for excavation of overburden at Bharatpur Mines, Odisha.

The announcement was made after market hours yesterday, 6 June 2017.

Meanwhile, the S&P BSE Sensex was up 132.75 points or 0.43% at 31,323.31. The S&P BSE Small-Cap index was up 135.04 points, or 0.88% at 15,445.57.

On BSE, so far 13,000 shares were traded in the counter as against average daily volume of 10,765 shares in the past one quarter. The stock hit a high of Rs 265.20 and a low of Rs 254 so far during the day. The stock had hit a 52-week high of Rs 285 on 11 May 2017. The stock had hit a 52-week low of Rs 142 on 10 August 2016.

The small-cap company has equity capital of Rs 55.60 crore. Face value per share is Rs 10.

Sical Logistics said that the company has been awarded with a Letter of Acceptance by Mahanandi Coal Fields at a contracted value of Rs 289 crore. The contract is for extraction of coal / coal measure strata by deploying surface miners on hiring basis, mechanical transfer of the same by pay loaders into tipping trucks and transportation from surface miner face to different destinations at Bharatpur for an extraction quantity of 24368779 Cu.M. over a period of 1,095 days (three years).

On consolidated basis, Sical Logistics' net profit increased 55.51% to Rs 14.12 crore on 16.81% growth in total income to Rs 263.48 crore in Q4 March 2017 over Q4 March 2016.

Sical Logistics is integrated logistics solutions provider providing end to end logistics solutions.

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