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Ritco Logistics secures new contracts worth over Rs 120 crore across transportation and warehousing verticals
By Aditya Bhagchandani Published on June 4, 2025, 11:31 IST
Ritco Logistics Limited has announced a robust set of business wins in its monthly update filed with the stock exchanges on June 3, 2025, reinforcing its leadership position in India's integrated logistics sector.
In a significant development, the company secured a major transportation contract worth Rs 85 crore from Jindal Steel and Power Limited. The deal involves transporting steel products from JSPL's Angul, Odisha plant to destinations across the country. In addition, Ritco landed a Rs 36 crore logistics contract from NTPC Limited for the movement of fly ash in Jharkhand, contributing to NTPC's sustainability initiatives.
The company has also reported fresh contracts with clients such as SLR Metalics, VBL, and Agrotech, further expanding its footprint across the metals and FMCG sectors.
On the 3PL and warehousing front, Ritco has entered a long-term agreement with MRPL to manage logistics operations across hubs like Morbi, Kheda, and Vapi. The company highlighted this as a key move to strengthen its end-to-end integrated logistics solutions portfolio.
Ritco also shared updates on its IT infrastructure, noting the implementation of enhanced data encryption protocols and advanced Endpoint Detection and Response (EDR) for its ERP systems.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
