Sical Logistics spurts after receiving LoA from Mahanadi Coalfields

Sical Logistics surged 4.12% to Rs 157.80 at 09:35 IST on BSE after the company said it received a letter of acceptance from Mahanadi Coalfields for excavation of coal / coal measure strata and allied transportation activities.

The announcement was made after market hours yesterday, 28 November 2018.

Meanwhile, the S&P BSE Sensex was up 299.08 points, or 0.84% to 36,016.03

On the BSE, 8,192 shares were traded in the counter so far compared with average daily volumes of 1,883 shares in the past two weeks. The stock had hit a high of Rs 163.20 and a low of Rs 157.20 so far during the day.

 

Sical Logistics said that the company was awarded with a Letter of Acceptance on 27 November 2018 by Mahanadi Coalfields for extraction of coal / coal measure strata and allied transportation activities at Hingula OCP, Hingula Area for a contract price of Rs 363.38 crore [including GST] for extraction of 16.20 million Cu.M over a period of three years.

Sical Logistics is an integrated logistics solutions provider.

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