ManagementSical bags Rs 163 cr contract from Hind Copper
Sical Logistics today said it has bagged a Rs 163 crore contract from state-run Hindustan Copper Ltd for supplying port, train and road logistics products.
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The two-year contract effective from January 1, 2010 is extendable by one year, Sical Logistics said in a filing to the Bombay Stock Exchange.
"Customers are increasingly seeing the value of Sical"s unique proposition of seamless, multi-modal supply chain linkages across rail, road, port and sea," Sical Logistics Chairman Ashwin Muthiah said.
The contract was awarded to Sical Multimodal and Rail Transport Ltd, a wholly-owned subsidiary of Sical Infra Assets Ltd.
Sical Logistics owns 74 per cent equity in Sical Infra, while Old Lane Mauritius owns the remaining 26 per cent, the filing added.
Shares of the company were trading at Rs 73.30, up by 6.62 per cent on the BSE in early morning trade.