Sical Logistics has received an approval to buy 26% stake held by MMTC in the company’s subsidiary Sical Iron Ore Terminals subject to all statutory and regulatory approvals. The board of directors at its meeting held on October 10, 2017 has approved for the same.
Recently, the company had received an approval to provide Corporate Guarantee to the extent of Rs 40 crore to Kamarajar Port on behalf of the company’s subsidiary for execution of the modification project.
Sical Logistics is a holding company. The company is primarily engaged in providing integrated logistics services.
