Sical makes major appointments to board of directors

Chennai, 6 May 2009: Sical Logistics Ltd, India’s leading provider of multi-modal integrated logistics solutions for bulk and containerized cargo, today announced that its board of directors, at a meeting held on 5 May 2009, have approved two major appointments to Sical's board: Karthik Menon as Vice-Chairman and LR Sridhar as Managing Director.

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Sical Logistics partners with MMTC for greenfield iron ore terminal

Chennai, 25 February 2009: Sical Logistics Ltd, India’s leading provider of integrated multi-modal solutions for bulk, container and offshore logistics, today announced its strategic partnership with MMTC Limited, the country’s premier international trading company, for its greenfield iron ore terminal project at Ennore Port. MMTC will hold 26% stake in Sical Iron Ore Terminals Ltd (SIOT), the special purpose vehicle (SPV) building the 12 MTPA (mn tonnes per annum) iron ore terminal and Sical will hold 63% stake. The balance 11% stake will be held by L&T Infrastructure Development Projects Ltd.

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Sical Logistics Q2 FY 09 operating profit grows by 43% to Rs. 14.61 cr

Chennai, 29 October 2008: Sical Logistics Ltd, India’s leading provider of integrated multi-modal logistics solutions for bulk and containerized cargo and offshore logistics, today announced that its operating profit grew by 43% to Rs 14.61 vs Rs 10.18 crore ,a year ago.

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Sical deploys additional rake on Delhi-Chennai sector

Chennai, 23 October 2008: Sical Logistics Limited, India’s leading provider of integrated multimodal logistics solutions for bulk and containerized cargo, has initiated operations of its third container train—Sical's second in the Delhi-Chennai sector. Sical's 100% subsidiary, Sical Multimodal And Rail Transport Ltd owns and manages Sical's container train operations.

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Sical wins Express Logistics "Best Container Logistics Provider" award

Chennai, 22 September 2008: Sical Logistics Ltd, India’s leading provider of integrated multi-modal logistics solutions for bulk and containerized cargo and offshore logistics, has won the award for the "Best Container Logistics Provider in the country" at the Express, Logistics and Supply Chain Awards held in Mumbai on 19 September 2008.

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Sical’s Second Rake Commences Operations On Chennai-Delhi Sector

Chennai, 11 August 2008: Sical Logistics Limited, India’s leading integrated multimodal logistics solutions provider, initiated the operations of its second container train from the Melpakkam rail terminal near Arakkonam, 70 km from Chennai, to a private rail siding at Patli, near Gurgaon. Sical Multimodal And Rail Transport (SMART) Ltd, a 100% subsidiary of Sical, obtained the category 1 pan-India license in January ’07 to run container trains for exim and domestic cargo and recently took delivery of a second rake from Titagarh Wagons in July ’08.

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Sical Logistics Q1 FY 09 logistics profit after tax Rs. 8.98 crore

Chennai, 18 July 2008: Sical Logistics Ltd, India’s leading provider of integrated multi-modal logistics solutions for bulk and containerized cargo and offshore logistics, today announced that the profit after tax and before extraordinary items of the logistics division for the first fiscal quarter ended 30 June 2008 was Rs 8.98 crore vs. Rs 9.29 crore a year ago while the logistics net sales was Rs 151.81 crore vs. Rs 155.38 crore a year ago.

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Sical Logistics FY07-08 net Rs 502 million

Chennai, 17 June 2008:Sical Logistics Ltd, India’s leading provider of integrated solutions for multi-modal bulk and containerized cargo logistics and offshore logistics, today announced that the audited consolidated net profit, after prior period and exceptional items, for the year to 31 March 2008 (FY 07-08) was Rs 502 million, up 11% from Rs 450.4 million a year ago. Profit before prior period and exceptional items was Rs 426.3 million, up 36% from Rs 313.6 million a year ago.

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Sical achieves INR 3.4 bn financial closure for Ennore iron ore terminal

Chennai, 19 March 2008: Sical Logistics Ltd, India’s leading provider of multi-modal integrated logistics solutions, today announced that it has achieved financial closure for its greenfield iron ore terminal project at Ennore Port. YES BANK, IndiaÂ’s new age private bank, is the lead arranger and sole underwriter for the INR 3.4 billion loan, the other members of the loan syndicate being United Bank of India, UCO Bank and India Infrastructure Finance Company Ltd.

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Sical flags off its first private container train at Balaghat district

Thursday, March 06, 2007, Chennai, India:Sical Logistics Limited, India’s leading integrated multimodal logistics service provider initiated the operations of its first container train from Hatta Road Railway station in Balaghat District, Madhya Pradesh near the Kanha Sanctuary, on March 06, 2008. The train is shipping 86 containers of copper concentrate for M/s Hindustan Copper Limited to their factory at Khetri in Rajasthan.

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Sical Logistics initiates work on Nagpur Sical Gupta Road Terminal at MIHAN

Nagpur, February 24, 2008: Sical Logistics Ltd, India's leading provider of integrated multi-modal logistics solutions for bulk and containerized cargo and offshore logistics, initiated work on the Nagpur Sical Gupta Road Terminal with the ground-breaking ceremony at the road terminal site at the Multimodal International Hub Airport at Nagpur (MIHAN) today. The foundation stone was laid by Hon'ble Shri. Villas Muttemwar, Minister of New & Renewable Energy, Government of India in the presence of guest of honor Shri. Nitin Gadkari, President, BJP Maharashtra, Mr RC Sinha, Vice Chairman and MD Maharashtra Airport Development Company (MADC), Mr Ashwin C Muthiah, Chairman Sical Logistics and Mr Padmesh Gupta, Chairman Gupta Group of companies.

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Sical Logistics receives High Court approval for de-merger

Chennai, India, January 7, 2008:Sical Logistics Ltd, India's leading provider of integrated multi-modal logistics solutions for bulk and containerized cargo and offshore logistics, has received the order from the Hon'ble High Court of Madras, sanctioning the de-merger of its non logistics businesses into a wholly owned subsidiary, Sicagen India Limited, with effect from 1 October 2006.

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Sical Logistics gets FIPB approval for infrastructure subsidiary

Chennai, 28 November 2007:Sical Logistics Ltd, India's leading provider of integrated multi-modal solutions for offshore logistics and bulk and containerized logistics, has received the Foreign Investment Promotion Board (FIPB) approval for investment in its newly formed subsidiary, Sical Infra Assets Ltd. The investment by Old Lane Mauritius 4 Ltd, an investment vehicle of Old Lane India Opportunities Funds ("Old Lane"), is aimed to fund the growing infrastructure business of the company.

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Sical Logistics Q2 FY 08 net profit Rs.18.94 crore, up by 115%

Chennai 30th October ‘07: Sical Logistics Ltd, India’s leading provider of integrated multi-modal logistics solutions for bulk and containerized cargo and offshore logistics, today announced that un-audited consolidated net profit for the second fiscal quarter ended 30 September 2007 was Rs 18.94 crore, up by 115% from Rs 8.79 crore a year ago, while profit before tax was Rs 18.94 crore, up by 54% from Rs 12.27 crore a year ago. Consolidated Q2 net sales were Rs 264 crore, down by 2% from Rs 269.52 crore a year ago.

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Sical Logistics wins Express Logistics award for "Best Bulk Logistics Provider"

Chennai, 4 October 2007: Sical Logistics Ltd, India’s leading provider of integrated solutions for offshore multi-modal logistics and bulk and containerized cargo, won the award for Best Logistics Provider in Bulk Logistics at the Express, Logistics and Supply Chain Awards, held in Mumbai on 28 September 2007. The award was received by Sudhir S Rangnekar, MD and Group CEO, Sical Logistics, from Nigel Goode, Director, Sales (South Asia), Maersk, and Director of the Express Logistics and Supply Chain Conclave.

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Sical Logistics signs agreement to raise USD 26mn from Old Lane

Chennai, India, September 5, 2007: Sical Logistics Ltd, India's leading provider of integrated multi-modal logistics solutions for bulk and containerized cargo and offshore logistics, today announced that Old Lane Mauritius IV Ltd, an investment vehicle of Old Lane India Opportunities Funds ("Old Lane") has agreed to invest USD 26 mn in its newly formed subsidiary, Sical Infra Assets Ltd. The investment by Old Lane in Sical Infra Assets will help to fund the growing infrastructure business of the company.

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Sical Logistics signs agreement for MIHAN Road Terminal with MADC

Chennai, India, August 24, 2007: Sical Logistics Ltd, India’s leading provider of integrated multi-modal logistics solutions for bulk and containerized cargo and offshore logistics, signed the shareholders agreement on 22 Aug ’07 with the Maharashtra Airport Development Company (MADC) and Gupta Coal for developing the Road Terminal at the Multimodal International Hub Airport at Nagpur (MIHAN).
A special purpose vehicle (SPV), Nagpur Sical Gupta Road Terminal Ltd (NSGRTL), was formed in April 2007 to build and operate the MIHAN Road Terminal. Sical will have 51% stake in the project and MADC and Gupta Coal will have 26% and 23% stakes respectively .

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Sical Logistics acquires cutter suction dredger for USD 24.92 mn

Chennai, 16 August 2007: Sical Logistics Ltd, India’s leading provider of integrated multi-modal logistics solutions for bulk and containerized cargo and offshore logistics, today, announced its foray into the dredging market, with the acquisition of Sical PortoFino, a cutter suction dredger, at a consideration of USD 24.92 mn. The acquisition is the latest step in Sical’s expansion strategy into the global offshore logistics market. The acquisition was funded by Sical’s foreign currency convertible bonds issue in 2006 and is estimated to earn a revenue of USD 9.8 mn annually.

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Sical exits land, building and assets of auto components division

Chennai, 8 August 2007: Sical Logistics Ltd, India’s leading provider of integrated solutions for bulk and containerized cargo and offshore logistics, has sold the manufacturing facilities and assets of its auto components division, Indrad Auto Components, for Rs 14.69 crore to Lucas TVS Ltd, one of India’s largest auto electrical manufacturing companies.

With this asset disposal, the total funds realized by the company since the start of the dis-investment process, in 2006, stand at Rs 90.18 crore.

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Sical Logistics appoints Sudhir Rangnekar as Group CEO

Chennai, 6 August 2007: Chennai 30 July 2007: Sical Logistics Ltd, India’s leading provider of integrated solutions for offshore logistics and multi-modal logistics for bulk and containerized cargo, has appointed Sudhir Rangnekar as Managing Director and Group CEO, effective 3 August 2007.

Mr Rangnekar will be in charge of overall operations, financials, and human resources of Sical and all its associate companies.

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Sical Logistics Q1 FY 08 net profit Rs 19.52 crore, up 46% on year

Chennai 30 July 2007: Sical Logistics Ltd, India’s leading provider of integrated solutions for offshore logistics and multi-modal logistics for bulk and containerized cargo, today announced that unaudited consolidated net profit for the first fiscal quarter ended 30 June 2007 was Rs 19.52 crore, up 46% from Rs 13.35 crore a year ago, while profit before tax was Rs 22.74 crore, up 34% from Rs 16.99 crore a year ago. Consolidated Q1 net sales was Rs 253.91 crore, down 3% from Rs 260.31 crore a year ago.

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Third update from Sical Logistics on the loss of Samudrika 10 off Bombay High

Chennai, July 16, 2007: Sical Logistics has announced that two more bodies of the missing crew of Samudrika 10, the offshore supply vessel (OSV) that sank off Bombay High on 9 July 2007, have been recovered. The bodies were washed away to far off Bhilad, Valsad District, on the Gujarat coast, because of strong northerly currents and waves. On 15 July 2007, the body of MCapt Gurbachan Singh, the vessel's Master, was recovered; today, 16 July 2007, the body of Shyam Ji, Seaman, was found.

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Second update from Sical Logistics on the loss of Samudrika 10 off Bombay High

Chennai, July 12, 2007: 72 hours after the tragic loss of Samudrika 10 off Bombay High, the Coast Guard rescuers have recovered 4 bodies near the site. The bodies have been identified and are:

• Rajveer Singh, Bosun: recovered on 11 July.
• Vivek Kumar, Seaman: recoverd on 12 July.
• Sukanta Banerjee, Cook: recovered on 12 July.
• Shivmohan Tripathi, Oiler: recovered on 12 July.

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Sical Logistics FY06-07 net Rs 450.4 million

Chennai, 25, June 2007: Sical Logistics Ltd, India’s leading provider of integrated solutions for offshore logistics and multi-modal logistics for bulk and containerized cargo, today announced that the audited consolidated net profit, after prior period and exceptional items, for the year to 31 March 2007 (FY 06-07) was Rs 450.4 million, from Rs 573.5 million a year ago. Net profit before prior period and exceptional items was Rs 341.4 million, from Rs 687.6 million a year ago.

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Sical wins Rs 1.27 bln ONGC O&M contract for offshore logistics

Chennai, 7 June 2007: Sical Logistics Ltd, India's leading provider of solutions for offshore logistics and integrated multi-modal logistics for bulk and containerized cargo, today announced that it has won the contract worth Rs 1.27 billion for the operations and maintenance (O&M) of ONGC's "Samudrika" category of vessels, totaling 17 in number. ONGC is India's premier state-run oil exploration company.

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Sical Logistics sells refractory co. for Rs 407.9 mln

Chennai, 27 April 2007: Sical Logistics Ltd has sold Vanagaram Refractories Works Industries Ltd to a key entrepreneur in the real estate industry in India's Tamil Nadu state. The sale was completed for a consideration of Rs 407.9 million for an area of 8.68 acres.

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Ashwin Muthiah appointed Sical Logistics Chairman

Chennai, 24 April 2007: Sical Logistics Ltd, India's leading provider of integrated multi-modal logistics for bulk and containerized cargo, today announced the appointment of Ashwin Muthiah as Chairman of Sical's Board of Directors. Also inducted into Sical's restructured Board were Luis Miranda, President and CEO of IDFC Private Equity Fund 2, and Karthik Menon, Sical Vice_President - Finance and Strategy.

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Sical Logistics divests Palm Oil business to Soyumm Marketing

Chennai, 12 April 2007: Sical Logistics Limited, India’s leading integrated multimodal logistics services provider, today announced it will sell its entire holding in the 100% subsidiary, Mac Oil Palm Ltd, to Soyumm Marketing, a part of the Ruchi group. The company was incorporated on 10 February 2006 to transfer the palm oil business in line with Sical's strategy of hiving off non-core businesses and focus on its core business of logistics.

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Sical targets one billion USD revenues by 2012

Chennai, 28 March 2007: Sical Logistics Limited, the leading provider of integrated multi-modal logistics for bulk and containerized cargo has initiated activities to create a new dimension to its business enabling it to become a one billion dollar company by 2012.

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Sical Logistics appoints Ogilvy Public Relations

Chennai, 7 March 2007: Setting forth on a large scale growth and reorganization plan, Sical Logistics Ltd, India’s leading provider of integrated multi-modal logistics solutions, has appointed Ogilvy Public Relations Worldwide, India, as their public relations agency..

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Sical Logistics raises Rs. 1.1 billion equity from IDFC Private Equity and announces hiving off of non-core businesses

Chennai, March 13, 2007: Sical Logistics Limited (“SICAL”) announced today that IDFC Private Equity Fund II, a fund managed by IDFC Private Equity has offered to invest Rs.1.1 billion in equity shares of the logistics business of Sical, the leading integrated logistics player.

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Sical sets a new record at the Ennore Port

Chennai, March 9, 2007: Sical Logistics Limited, the leading provider of integrated multi-modal logistics for bulk and containerized cargo has established a new handling record for steam coal at the Ennore port. A total of 54,552 tonnes within 20 hours 37 minutes were handled at the port on March, 8, 2007. This is in excess of the previous record of 53,639 tonnes, which was set on October, 21, 2004.

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Sical Q3 net profit Rs 107.8 mln, up by 8.4%; PBIDT Rs 307.10 mln, up by 35%

Chennai, 30th January 2007: Sical Logistics Ltd, India’s leading provider of integrated multi-modal logistics for bulk and containerized cargo, today announced that its un-audited net profit for the third quarter-year ended 31st December 2006 was Rs 107.8 million, up by 8.4% from Rs 99.4 million in the same period a year ago.

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Sical sole multi-modal bulk logistics co. in D&B India Top 500

Chennai, 23 November 2006: Sical Logistics is the sole entry among domestic multi-modal providers of bulk logistics to be listed in the Shipping and Logistics Top 10 sectoral ranking in Dun and Bradstreet's India's Top 500 Companies 2006 report.

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Sical subsidiary buys latest generation PSV for $31.3 mn

Chennai, 18 October 2006: Sical Logistics Ltd today announced that Bergen Offshore Logistics Pte Ltd, Sical's wholly-owned subsidiary based in Singapore, has acquired a latest generation specialty 470 MKII class platform supply vessel (PSV) for USD 31.3 million. All legal formalities of the sale have been completed and the delivery of vessel taken by Bergen Offshore from Aker Yards in Molde, Norway.

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Sical to acquire Singapore-based Bergen Offshore Logistics

Chennai, 27 September 2006: Sical Logistics Ltd, India's leading provider of integrated multi-modal logistics for bulk and containerized cargo, today announced that it has acquired Singapore-based Bergen Offshore Logistics Pte Ltd, a provider of specialized logistics for offshore oil and gas exploration. The acquisition is a logical extension of Sical's existing offshore logistics business which operates and manages 17 offshore supply vessels for India's leading energy exploration company, ONGC Ltd.

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Sical Q1FY07 net Rs 114.5 mln, +37% YoY

Chennai, 31 July 2006: Sical's unaudited net profit for Q1 of FY07 was Rs 114.5 mln, up 37% from Rs 83.8 mln a year ago; Q1 net sales were Rs 2.42 against Rs 2.38 bln. Profit before tax was Rs 148.9 mln, up 42% on year. EBIDTA of the core logistics business was Rs 186.7 million against Rs 184.9 million a year ago, 79% of the company's total segment-wise EBIDTA.

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Sical to build Rs 5.5 bln iron ore terminal at Ennore Port

Chennai, 10 July 2006: Sical Logistics Ltd today announced that Ennore Port Ltd has chosen the Sical-led consortium to build an iron ore terminal at Ennore port near Chennai in southern India. Prof K Anbazhagan, Finance Minister of Tamil Nadu state, on Sunday handed over the letter of intent to Sical Chairman Dr AC Muthiah at a function presided over by TR Baalu, India's Minister for Shipping, Road Transport and Highways, to inaugurate Ennore Port's new corporate office in Chennai.

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Sical Logistics FY06 net Rs 536.9 mln, up 73% on year

Chennai, 23 June 2006: Sical Logistics Ltd today announced that audited net profit after prior period items for the financial year to 31 March 2006 was Rs 536.9 million, up 73% from Rs 311.3 million in the same period a year ago. Net Profit before prior period items was Rs.651.0 million against Rs 309.9 million a year ago.

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Sical ramps up trucking operations for road logistics

Chennai, 25 May 2006: Sical Logistics Ltd today announced a major expansion of its road transportation operations for bulk and containerized cargo. The company said it is adding 80 vehicles, primarily double-axle trucks and tankers, in the immediate term, and a total of 300 vehicles in FY 2006-07. Sical's existing house fleet consists of 320 vehicles. The fleet expansion comes on the back of recent increased business from major customers, namely, Caltex, Tamil Nadu Petrochemicals, Pepsi India, and Shell India.

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Sical consortium bags train terminal at Nagpur Hub Airport

Chennai, 27 April 2006: Sical Logistics Ltd--formerly South India Corporation (Agencies) Ltd--today announced that the Maharashtra Airport Development Company has selected the consortium led by Sical Logistics to set up a rail terminal as part of the proposed Multi-modal International Hub Airport at Nagpur in central India. The letter of intent was issued by MADC to this effect recently. The other member of the consortium is Nagpur-based Gupta Coal India Ltd.

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