Sical Wins Rs 40.38 Billion SECL Mining Contract

15 Jan 2026 CW Team

Sical Logistics Ltd on Monday said it has received a letter of acceptance from South Eastern Coalfields Ltd (SECL) for a mining contract valued at Rs 40.38 billion, including GST. The project relates to the Porda Chimtapani open-cast mine in Raigarh district of Chhattisgarh.

The contract, awarded by a domestic entity, will be executed over a period of 4,214 days. Sical Logistics said it will undertake the project in accordance with the specifications set out in the tender documents. The company added that its promoter, promoter group and group companies have no interest in SECL, and the contract does not qualify as a related party transaction.

Founded in 1955, Sical Logistics is a leading integrated logistics service provider in India. The company was acquired by Delhi-based Pristine Malwa Logistics Park Pvt Ltd in 2023. Its major operations include mining projects for Northern Coalfields Ltd in Madhya Pradesh and Mahanadi Coalfields Ltd in Odisha.

Sical also owns and operates a cutter suction dredger currently deployed along India’s east coast, where it is engaged in dredging works at Ramayapatnam Port. In 2022, the company completed a dredging project for an ONGC pipeline in Yanam, Puducherry.

In addition to mining and dredging, Sical has diversified into container freight stations, warehousing and third-party logistics services.

Shares of Sical Logistics ended at Rs 87.65 on the BSE on January 12, up Rs 0.82, or 0.94 per cent, from the previous close.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..