Sical Logistics to play loud on new contract won
DSIJ Intelligence / 01 Nov 2016
Sical Logistics which is close to its 52-two-week high is expected to be a favourite stock of small cap on November 1. The company which is operational in Logistics has seen a good rally in the last six months largely on GST developments.
Sical Logistics which is close to its 52-two-week high is expected to be a favourite stock of small cap on November 1. The company which is operational in Logistics has seen a good rally in the last six months largely on GST developments. Shares of Sical in the last six months have rallied over 64 per cent. The new contract won by the company is expected to keep the share prices tickling even further.
The company on October 28 post market hours informed the bourses that it has been selected as the Mine Developer and Operator for Development and Operation of Tara [East & West] Coal Mine of the West Bengal Power Development Corporation Limited through a tender process.
As per the requirement of the tender, a new company Sical Mining Limited, will be incorporated through a SPV. On the other hand, the new business is expected to generate a revenue of more than Rs 1500 crores during the project period, which is estimated to be around 7 years.
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