Sical Logistics wins Rs 289 Cr contract from Mahanadi Coal

India Infoline News Service | Mumbai | June 07, 2017 11:19 IST

Sical Logistics, an integrated logistics company in its filings to the exchanges said that it has been awarded a Letter of Acceptance (LoA) by Mahanandi Coal Fields.

Sical Logistics
Sical Logistics, an integrated logistics company in its filings to the exchanges said that it has been awarded a Letter of Acceptance (LoA) by Mahanandi Coal Fields.

The contract is for the 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 to different destinations at Bharatpur for an extraction quantity of 24368779 Cu.M. over a period of 1059 days (3 years) at a contracted value of Rs 289 crore.

The stock on the NSE was riding the bulls and was up by 2.2% at Rs 255 per share higher by Rs 5.70 per share at 1046 hours. It has delivered 74% return in a period of one year and has outperformed the BSE Small Cap and Nifty Service Sector indices over the same time span.

The compay’s divisions include port handling, road logistics, retail supply chain solutions, customs house agency, ship agency and goodwill travels division, shipping division and goodwill travels division.

Stock view:
 
Sical Logistics Ltd is currently trading at Rs 256.5, up by Rs 6.05 or 2.42% from its previous closing of Rs 250.45 on the BSE.
 
The scrip opened at Rs 261.95 and has touched a high and low of Rs 265.2 and Rs 253.7 respectively. So far 134415(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1392.5 crore.
 
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 285 on 11-May-2017 and a 52 week low of Rs 142 on 10-Aug-2016. Last one week high and low of the scrip stood at Rs 259 and Rs 245.6 respectively.
 
The promoters holding in the company stood at 56.55 % while Institutions and Non-Institutions held 1.78 % and 41.68 % respectively.
 
The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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