Sical Logistics Gets ₹39 Crore SAIL Order; Shares Rise 3.35%

Mumbai, October 5: Sical Logistics Limited has received an Award Letter from Steel Authority of India Limited (SAIL) for excavation and transportation of iron ore from Dalli Mechanised Mine in Chhattisgarh, with a total contract value of ₹39.22 crore excluding GST.

According to the exchange filing, the award letter is dated October 3, 2026 and covers work at Dalli Mechanised Mine, Phase 6. The contract is scheduled to run from October 5, 2026, to November 18, 2028.

The assignment is a domestic contract awarded by SAIL and covers the excavation and transportation of iron ore, including the specified ICW/subgrade ore component from the mine.

Stock Market Snapshot

The Sical Logistics share price stood at ₹90.00 as of 9:32:06 AM IST on October 5, 2026, according to the market data.

The stock was up ₹2.92, or 3.35%, at the time. Shares moved above ₹90 during the early trading session after opening around the ₹88 level.

The Sical Logistics share price movement came as the company disclosed the SAIL award for its Dalli Mechanised Mine operations.

SAIL Contract Runs Through November 2028

The contract has a total value of ₹39,22,92,000, excluding GST. Sical Logistics will undertake excavation and transportation of iron ore from Dalli Mechanised Mine under the terms specified in the Award Letter.

The execution period begins on October 5, 2026 and extends until November 18, 2028. The filing identifies SAIL as the entity awarding the contract and classifies the assignment as domestic.

The company also disclosed that its promoter, promoter group and group companies have no interest in SAIL. The contract does not fall under related-party transactions.

Sical Logistics Adds Mining And Transportation Work

The latest award adds to Sical Logistics’ activity in mining-linked excavation and transportation services. The company will execute the work at SAIL’s Dalli Mechanised Mine in accordance with the contractual terms.

The ₹39.22 crore award was disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Conclusion

The ₹39.22 crore SAIL award strengthens Sical Logistics’ order pipeline in mining and transportation services, with execution scheduled through November 18, 2028. The stock gained 3.35% to ₹90 during early trading on October 5, 2026, following the disclosure.

Source:

• https://www.nseindia.com/get-quote/equity/SICALLOG/Sical-Logistics-Limited
• https://nsearchives.nseindia.com/corporate/SICALLOG_04102026100955_SUBMISSION.pdf