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Sical Logistics Secures SAIL Contract & RITES Tax Relief

By Business DeskSical Logistics Secures SAIL Contract & RITES Tax Relief

Sical Logistics wins a Rs 39 crore excavation contract from SAIL, while RITES Limited secures significant tax relief of Rs 38 crore in Gujarat.

Corporate updates bring notable developments for major industrial and logistics players. Two prominent firms secure vital operational and regulatory wins that shape their near-term outlook.

Sical Logistics Secures SAIL Contract

Sical Logistics has locked in a major contract with the Steel Authority of India Limited. The deal strengthens the company’s footprint in the mining and logistics sector.

  • Contract value stands at approximately Rs 39 crore for the project.
  • The scope covers the excavation and transportation of iron ore from the Gua Iron Ore Mines.

This assignment marks a notable development as the company continues to provide essential services to major public sector undertakings like SAIL.

RITES Receives Tax Relief

RITES Limited has achieved a favorable financial outcome in a regulatory matter. The ruling eases financial pressures tied to a past fiscal period.

  • The company secured Rs 38 crore in tax relief.
  • The Gujarat Goods and Services Tax department partially set aside the demand.

This regulatory win provides a financial boost for RITES as it continues its operations in the infrastructure and transport consultancy sector.

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