Caliber Mining and Logistics Limited
Caliber Mining and Logistics Limited is an integrated coal mining and logistics service provider offering end-to-end solutions including contract mining, overburden removal, transportation, rake loading, and coal trading, primarily serving Coal India subsidiaries across Maharashtra, Madhya Pradesh, and Chhattisgarh.
Overview
About the Company
Incorporated in 2014 and headquartered in Chandrapur, Maharashtra, Caliber Mining and Logistics Limited operates as an integrated service provider across the coal mining value chain. The company delivers contract coal extraction, overburden removal, coal loading and unloading, road and rail transportation, rake loading, rail coordination, and coal trading services. It primarily serves Coal India subsidiaries, including Western Coalfields Limited (WCL) and Northern Coalfields Limited (NCL), and operates across Maharashtra, Chhattisgarh, and Madhya Pradesh without owning any mines. As of April 30, 2026, the company maintained a fleet of 1,911 vehicles and machinery—comprising 883 tippers, 64 loaders, 162 excavators, and 362 tip trailers—and employed 5,521 people. As of May 15, 2026, its order book stood at approximately ₹9,550.89 crores.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Repayment or prepayment, in full or in part, of certain outstanding borrowings of the company — estimated at ₹208 crores.
- › Funding capital expenditure for the acquisition of new machinery — estimated at ₹167 crores.
- › General corporate purposes.
✅ Strengths
- ✓ Operates as a fully integrated provider of coal mining and logistics services under a single platform, offering customers end-to-end solutions from extraction to transportation.
- ✓ Owns and operates a large fleet of 1,911 vehicles, plant, and machinery, enabling efficient and scalable mining and logistics operations.
- ✓ Holds a substantial order book of approximately ₹9,550.89 crores as of May 15, 2026, providing strong near-term revenue visibility.
- ✓ Backed by experienced promoters and a skilled management team comprising over 300 managers and administrative professionals.
- ✓ Revenue from operations grew at a compounded annual growth rate of 32.67% between FY2024 and FY2026, reflecting a strong growth trajectory.
- ✓ Established relationships with Coal India subsidiaries, including WCL and NCL, supporting a growing share of business in the mining sector.
⚠️ Risks
- ! Revenue is highly concentrated, with the top three customers collectively accounting for 90.11% of FY2026 revenue, creating significant dependency risk.
- ! Mining contracts are subject to termination or penalty clauses, which could materially affect operational and financial performance.
- ! Seasonal factors, particularly heavy monsoon rains, can disrupt mining activities and adversely impact business continuity.
- ! The coal mining and logistics industry is highly competitive, and increased competition could put pressure on margins and business growth.
- ! The company's revenue is closely tied to the health of India's coal mining sector and overall domestic coal demand, making it vulnerable to sector-specific downturns.