Sical Logistics wins Rs. 126.5 crores ONGC O&M contract for offshore logistics
June 07, 2007

• Three year contract for 17 Samudrika category offshore vessels
• ONGC’s contract is Sical’s 5th successive winning bid
•“Offshore logistics will contribute nearly 30% towards total revenues”- Ashwin Muthiah, Chairman, Sical Logistics


BSE: 520086 NSE: SICAL Reuters: SICA.BO Bloomberg: SIC@IN



Thursday, June 7th, 2007, Chennai, India: Sical Logistics Ltd, India’s leading provider of offshore logistics and integrated multi-modal logistics solutions for bulk and containerized cargo has won the contract for the operations and maintenance (O&M) of ONGC’s Samudrika category of vessels totaling 17 in number. ONGC is India’s premium sate-run oil exploration company. This is Sical’s 5th successive winning bid since 1995 when the company began providing offshore logistics service to ONGC.

The contract is valued at Rupees 126.5 crore and is for a duration of three years and is extendable by two six-month periods.

Sical Logistics core deliverables for this contract include conveyance of men and material from shore to offshore assets and between off shore assets; fire fighting support to offshore assets; emergency assistance; rescue operations; anchor handling jobs for off shore assets; shifting and relocation of off shore assets; hydrographic surveys; supply of food and provisions in bulk to various off shore assets and assistance in diving activities.

Sical Logistics has been one of the key agencies managing a large number of ONGC vessels operating off the Mumbai coast and serving Bombay High. In the tenure of the previous contract, Sical Logistics had operated and managed 15 vessels for ONGC.

The technical management of these vessels consists of providing competent, experienced manpower, carrying out planned maintenance of all equipment and machineries onboard, rendering all repair activities and timely drydocking. It also includes import and supply of spares, compliance of all relevant international/ local maritime rules and regulations, maintenance of International Safety Management and carrying out all required surveys/ audits as required by the Classification Society or the Mercantile Marine Department.

Sical has fully qualified and well experienced Seafarers in its team along with five Master Mariners and five Marine Chief engineers, who are dedicated to the effective execution of this project and to ensure the operational availability of these vessels.

Mr Ashwin C. Muthiah, Chairman, Sical Logistics said, “The ONGC contract is the reaffirmation of Sical’s ability to provide offshore logistics services that meet international uptime and other benchmark standards. We are delighted with the opportunity to continue our relationship with a global leader such as ONGC.”

“This contract combined with our PSV Sical Torino, which is successfully deployed with Peterson Oil in the North Sea, will make offshore logistics contribute at least 30% of our revenues for FY 2008. We will consistently evaluate the expansion of our fleet through the acquisition of new-built vessel assets that have cutting edge technology and are in demand because of their capabilities across a global customer base,” added Mr Ashwin C. Muthiah, Chairman, Sical Logistics, Ltd.


About Sical: Sical Logistics Ltd is India’s leading provider of offshore logistic services and integrated multi-modal logistics solutions for bulk and containerized cargo-port logistics; inland logistics; container logistics. Sical's delivery network includes an exclusive walk-in berth at Chennai for ships carrying bulk cargo; a container terminal at Tuticorin, 1.9 million square feet of storage across over 100 warehouses; owned and regularly contracted fleet of over 3000 transport vehicles, and container freight stations at 4 locations across India. Sical's FY2005-06 revenue was Rs 9.60 billion on Rs 301.9 million equity capital.



Media contacts:

Richa Tilokani
Sical Logistics Limited
Chennai
Voice: +91.44.22350061
Fax: +91.44.22300189
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Samantha Unnikrishnan
Ogilvy Public Relations Worldwide
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About the Press Release
Sical Logistics Ltd, India’s leading provider of offshore logistics and integrated multi-modal logistics solutions for bulk and containerized cargo has won the contract for the operations and maintenance (O&M) of ONGC’s Samudrika category of vessels totaling 17 in number. ONGC is India’s premium sate-run oil exploration company. This is Sical’s 5th successive winning bid since 1995 when the company began providing offshore logistics service to ONGC.


 
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