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Sical Logistics Secures –39 Crore Iron Ore Deal with SAIL
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CNBC TV18•04-10-2026, 14:56
Sical Logistics Secures –39 Crore Iron Ore Deal with SAIL
- •Sical Logistics Ltd announced a –39.23 crore contract from Steel Authority of India Ltd (SAIL).
- •The contract covers the excavation and transportation of iron ore, ICW, and subgrade ore from Dalli Mechanised Mine, Phase 6.
- •The –39,22,92,000 contract (excluding GST) is set to commence on October 5, 2026, and conclude on November 18, 2028.
- •Sical Logistics, a prominent integrated logistics provider, was acquired by Pristine Malwa Logistics Park Pvt Ltd in 2023.
- •The company stated that the order is from a domestic entity and does not fall under related-party transactions.
Key Questions Answered
Sical Logistics secured a ₹39.23-crore contract from the Steel Authority of India Ltd (SAIL) for the excavation and transportation of iron ore, ICW, and subgrade ore from Phase 6 of the Dalli Mechanised Mine, excluding GST.
The contract was awarded through a letter dated October 3, 2026, and is scheduled to run from October 5, 2026, through November 18, 2028.
Sical Logistics Ltd, established in 1955, was acquired in 2023 by Pristine Malwa Logistics Park Pvt Ltd, a Delhi-based company.
