Sical Logistics Offloads Non-Core Assets in Tamil Nadu for ₹330.9 Million

Sical Logistics Ltd, a leading player in India’s integrated logistics and port infrastructure sector, has confirmed the sale of non-core assets located in Tamil Nadu. The transaction, valued at ₹330.9 million, is part of the company’s ongoing efforts to optimize its portfolio and reinforce financial stability.

Key Highlights:

Transaction Value: Sale consideration stands at ₹330.9 million.

Asset Divestment: Non-core assets in Tamil Nadu have been sold to streamline operations.

Strategic Focus: The divestment allows Sical Logistics to concentrate on its core logistics, shipping, and port infrastructure businesses.

Financial Impact: The sale is expected to strengthen liquidity and support debt reduction initiatives.

Operational Outlook: With a sharper focus on core services, the company aims to enhance efficiency and competitiveness in India’s logistics sector.

This development underscores Sical Logistics’ commitment to restructuring and aligning resources with its long-term growth strategy, ensuring resilience in a dynamic freight and infrastructure market.

Sources: Sical Logistics Ltd, Stock Exchange Filings