Sical Logistics Share Price Hits Upper Circuit on Rs 535 Cr Deal

Sical Logistics share price up 4.97% at Rs 103.55, upper circuit. 5-yr Rs 534.73 Cr LOA from Central Coalfields. No sellers, 17,404 shares pending buy.

Updated: 2 Sept 2026 • 11:58 am

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Sical Logistics Share Price Hits Upper Circuit on Rs 535 Cr Deal

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The Sical Logistics share price surged 4.97 percent to Rs 103.55 and hit its upper circuit after the company received a Letter of Acceptance from Central Coalfields for a five-year contract valued at Rs 534.73 crore. The work involves hiring heavy earth-moving machinery for overburden removal and coal extraction from a diverted 143-hectare patch of lower seams at the SDOC Mine in the Dhori area of Jharkhand. There were pending buy orders of 17,404 shares with no sellers available.

The Sical Logistics share price surged 4.97 percent to Rs 103.55 and hit its upper circuit after the company secured a five-year Letter of Acceptance from Central Coalfields valued at Rs 534.73 crore. The stock closed the session with pending buy orders of 17,404 shares and no sellers available.

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The contract covers the hiring of heavy earth-moving machinery for overburden removal and coal extraction from a diverted 143-hectare patch of lower seams at the SDOC Mine in the Dhori area of Jharkhand, a significant multi-year mining services engagement for the logistics company.

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Sical Logistics Share Price: Details of the Central Coalfields Contract

The Rs 534.73 crore contract from Central Coalfields, a subsidiary of Coal India, spans a full five years and covers heavy earth-moving machinery, or HEMM, services for overburden removal and coal extraction operations at the SDOC Mine's diverted 143-hectare lower seams patch in Jharkhand's Dhori area. Contracts of this nature, tied to a state-run coal producer, typically offer stable, long-duration revenue visibility for the contracted service provider.

Sical Logistics provides integrated logistics solutions spanning port operations, mining and transportation logistics, coastal shipping, and container freight services, and this large mining services contract adds meaningfully to the company's revenue base given its five-year duration and substantial value relative to the company's overall scale.

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Sical Logistics Share Price: Why It Hit the Upper Circuit

The stock's move to its upper circuit, with pending buy orders and no sellers available, reflects the market's strong positive reaction to a contract of this size and duration for a company of Sical Logistics' scale. A five-year Rs 534.73 crore engagement represents substantial, multi-year revenue visibility, which is precisely the kind of catalyst that can trigger such a decisive one-sided move in a mid or small-cap logistics stock.

Mining services contracts of this nature, tied to coal extraction and overburden removal, tend to carry relatively stable margins once operational, since they are typically structured as long-term service agreements rather than one-off project contracts, providing Sical Logistics with a more predictable revenue stream over the engagement period.

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Sical Logistics Share Price: What Investors Should Watch

Investors tracking the Sical Logistics share price should watch for the mobilisation timeline for this Central Coalfields contract, since the pace at which the company deploys the required heavy machinery and begins operations will determine how quickly this order translates into recognised revenue.

Given the stock hit its upper circuit with no sellers available, investors should also watch subsequent sessions for continued price discovery, since upper circuit moves of this nature often see follow-through buying interest in the days immediately after the announcement before the stock finds a more settled trading range.

Traders following the Sical Logistics share price should watch for the mobilisation timeline on this Central Coalfields contract. Analysts covering the Sical Logistics share price will also track the company's broader mining and logistics order book across other coal producers. Given the stock hit its upper circuit, the Sical Logistics share price is likely to see continued follow-through interest in subsequent sessions.

Investments in the securities market are subject to market risks. Read all related documents carefully before investing. This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Uniresearch Global Pvt Ltd is a SEBI Registered Research Analyst, Registration Number INH000013776. Uniresearch Global Pvt Ltd is a subsidiary of Univest Communication Technologies Private Limited.

FAQs

Why did Sical Logistics share price hit its upper circuit today?

Ans. The Sical Logistics share price surged 4.97 percent and hit its upper circuit after the company secured a five-year, Rs 534.73 crore contract from Central Coalfields.

What does the Central Coalfields contract involve?

Ans. The contract covers hiring of heavy earth-moving machinery for overburden removal and coal extraction from a diverted 143-hectare patch at the SDOC Mine in Jharkhand's Dhori area.

How long is the Sical Logistics contract with Central Coalfields?

Ans. The contract is for a period of five years, valued at Rs 534.73 crore.

What does Sical Logistics do?

Ans. Sical Logistics provides integrated logistics solutions spanning port operations, mining and transportation logistics, coastal shipping, and container freight services, and the Sical Logistics share price reflects the market's view of this diversified base.

Were there sellers available when Sical Logistics hit its upper circuit?

Ans. No, there were pending buy orders of 17,404 shares with no sellers available at the upper circuit price, keeping the Sical Logistics share price locked at its ceiling.