Ritco Logistics Secures ₹75 Cr New Business in Transportation, Fly Ash, and 3PL
Ritco Logistics secured new business worth over ₹75 crore in transportation, fly ash logistics, and 3PL & warehousing. Key wins include a ₹23.95 crore contract from OPAL and ₹45.50 crore for fly ash logistics from MEIL. TrucksUp platform saw FASTag GMV exceed ₹80 crore and issued over 1,900 fuel cards. Ajay Devgn appointed as Brand Ambassador for TrucksUp.
The substantial new business secured (over ₹75 crore) and the high-profile brand ambassador appointment are expected to have a significant positive impact on the company's revenue visibility, market presence, and overall growth trajectory.
The announcement details significant new business wins, contract expansions, and strategic brand development initiatives, all of which are positive indicators for the company's growth and market position.
Ritco Logistics Limited has announced securing new business worth over ₹75 crore across its Transportation, Fly Ash Logistics, and 3PL & Warehousing business verticals. This expansion reinforces the company's focus on long-term customer partnerships and its role as an end-to-end logistics solutions provider.
In the Transportation vertical, the company secured a one-year contract worth approximately ₹23.95 crore from OPAL for polymer and petrochemical movements. Additionally, transportation contracts were awarded by RINL, Pidilite Industries, BHEL, Balmer Lawrie, and GMPL for steel, engineering, and industrial logistics.
The Fly Ash Logistics segment saw significant growth with three major transportation projects for Megha Engineering & Infrastructure Ltd. (MEIL) in Bihar, totaling a combined contract value of approximately ₹45.50 crore. These contracts are valued at ₹12 crore, ₹15 crore, and ₹18.50 crore, supporting infrastructure development.
In the 3PL & Warehousing segment, Ritco secured a one-year Rate Contract from OPAL for managing two warehousing facilities in Kheda and Vapi, Gujarat. This marks a milestone in the company's growing 3PL business and highlights customer confidence in its integrated warehousing and supply chain solutions.
Information Technology updates include enhancements in Data Loss Prevention, Privileged Access Modernization, and Backup & Cyber Recovery. Key Trucksup updates for June show FASTag GMV crossing ₹80 crore, over 1,900 digital fuel cards issued, and 1,150+ insurance policies with a premium value of ₹3.60 crore. TrucksUp also launched TrucksUpMAX and GoldPump platforms.
Furthermore, Ritco Logistics announced the appointment of Mr. Ajay Devgn as the Official Brand Ambassador for TrucksUp. This strategic association aims to enhance brand visibility, strengthen stakeholder engagement, and empower truck owners, transporters, fleet operators, and MSMEs across India.
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Ritco Logistics Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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