Sical Logistics Ltd has received board approval for a term loan of up to ₹380 million from HDFC Bank. The funds are earmarked for the procurement of new commercial equipment, a move expected to enhance operational capabilities, drive business growth, and strengthen Sical’s market leadership in logistics services.
                                        
                        
	Sical Logistics Ltd, a prominent player in India’s integrated logistics sector, has gained board approval for a term loan of up to ₹380 million from HDFC Bank. The primary objective of this loan is to fund the purchase of new commercial equipment, including vehicles and specialized machinery, which will boost fleet efficiency and expand Sical’s service capacity across its operations.
	 
	The decision underscores Sical’s commitment to strengthening infrastructure and scaling its logistics network in line with rising demand for transportation and supply chain solutions. This capital infusion from HDFC Bank, one of India’s leading private sector banks, is expected to support rapid business growth and maintain Sical’s vital role in connecting key commercial hubs.
	 
	By investing in modern equipment, Sical aims to deliver superior reliability, optimize costs, and enhance its competitiveness against peers. The logistical upgrade aligns with the company’s ongoing growth strategy and brings added value to clients in sectors like agriculture, mining, and industrial goods.
	 
	Key Highlights
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		Board approves term loan of up to ₹380 million from HDFC Bank for equipment purchase
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		Funds to be utilized for expanding the commercial fleet and operational machinery
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		Investment drives operational efficiency, network expansion, and competitive edge
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		Enhances Sical’s service proposition in India’s fast-growing logistics market
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		Strengthens relationship between Sical Logistics and leading lender HDFC Bank
	Sources: Marketscreener, TradingView, Sical Logistics corporate announcements