Ritco Logistics Secures ~₹104 Crore in New Contracts in February 2026
Ritco Logistics secured new contracts totaling approximately ₹104.18 crore in February 2026. Major wins include a ₹84 crore contract with Jindal Stainless Limited and a ₹13 crore contract with Aarti Steels Limited. TrucksUp reported significant growth in FASTag transactions (₹15+ crore GMV) and expanded its service network.
The announcement details substantial new contract wins, which are material to the company's revenue and growth prospects. The positive updates from TrucksUp further contribute to the overall positive impact.
The company has secured significant new contracts, indicating business growth and strengthening its market position. Updates from TrucksUp also show positive developments in partnerships and transaction volumes.
Ritco Logistics Limited has announced securing new transportation contracts worth approximately ₹104.18 crore in February 2026. These contracts span across various sectors including steel, metals, FMCG, chemicals, building materials, and industrial goods.
Key wins in the Steel & Metals segment include a 3-year contract worth ~₹84 crore with Jindal Stainless Limited for multi-location movements, a 1-year contract worth ~₹13 crore with Aarti Steels Limited for North and South India movements, a short-term 3-month engagement with Tata Metaliks Limited for Eastern India, and a 1-year contract with Jindal Steel & Power Limited for Odisha-based industrial movements.
In the FMCG, Industrial & Building Materials segment, Ritco secured a 14-month contract with Kansai Nerolac Paints Limited for multi-destination dispatches, a 1-year pan-India movement contract with Frigo Glass India Pvt Ltd, a 6-month logistics engagement with Prism Johnson Limited for regional movements, and a short-term contract with RenewSys India Pvt Ltd.
The company also provided updates on its Information Technology initiatives, focusing on endpoint security review and email security strengthening to protect against cyber threats. Additionally, TrucksUp, a part of Ritco Logistics, reported strategic OEM fuel partnerships with IOCL, HPCL, Jio BP, and Nayara Energy, leading to over 6,000 digital fuel card creations. FASTag transactions saw a 52% month-on-month growth in February, with GMV surpassing ₹15 crore. TrucksUp also expanded its pan-India service coverage to over 17,000 pin codes and reported growth in its Load Board features, with 'Add Load' growing by 23% and 'Find Load' by 32% in February.
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