Sical Logistics in the limelight
By
Ruma Dubey
about 6 years ago
Sical Logistics is very much in the limelight today morning. The stock price rose over 7.5% to hit an intra day high at Rs.163.20. Its 52-week high is at Rs.268 and low at Rs.139.
The reason for this jubilation is its announcement of receipt of new order.
The company has received contracts worth Rs.364 crore from Mahanadi Coalfields for extraction of coal and allied transport services in Odisha.
A total of 16.2 million cubic meters of coal will be extracted over a period of three years by the company.
The company had reported a profit of ?7.38 crore and revenues of ?300.82 crore for the first quarter of FY19.