Ritco Logistics Ltd. continues its winning streak with Prestigious Contracts across Transportation, Warehousing, and Multimodal Sectors

Ritco Logistics Ltd., a leader in India's integrated logistics landscape, has once again reinforced its position as a trusted partner for some of the country's top industrial giants. Demonstrating its commitment to efficiency, reliability, and excellence, Ritco has secured multiple high-value contracts across key verticals.

A. Transportation vertical - Expanding Reach with Industry Leaders

Tata Steel Contract - Ritco has been entrusted with the transportation of Tata Steel's cargo from Vishnupur to various locations across India. This contract, valued at approximately ₹10 Cr., is a testament to Ritco's expertise in handling high-volume industrial logistics with precision and timeliness.

IOCL Paradeep Contract - Ritco has further strengthened its presence in the energy sector by securing a ₹20 Cr. transportation contract from Indian Oil Corporation Ltd. (IOCL). This contract involves the seamless movement of cargo from Paradeep to multiple destinations, reinforcing Ritco's capabilities in handling critical oil & gas logistics.

Emami Ltd. Contract - Expanding its footprint in the FMCG sector, Ritco has bagged a ₹4 Cr. transportation contract from Emami Ltd., ensuring the smooth movement of their goods across the supply chain.

Additional Strategic Contracts - Ritco's excellence has also been recognized by leading industrial players IVL Dhunseri, Sandur Group, and Uflex, who have awarded significant transportation contracts, further enhancing Ritco's diversified portfolio.

B. Rail & Multimodal - Driving Innovation in Cargo Movement

Ritco has successfully executed the movement of cargo for leading Bio Energy Company in Uttar Pradesh, in collaboration with Indian Railways. This strategic multimodal logistics operation highlights Ritco's expertise in integrating rail transport into supply chain solutions, ensuring costeffective, efficient, and sustainable cargo movement.

C. IT

Network Security: Implemented firewalls, intrusion detection and prevention systems, and encryption to protect against cyber threats.

Server and Data Center Security: Data center is fully secure for server's access controls, surveillance, and environmental controls.

Shares of Ritco Logistics Ltd was last trading in BSE at Rs. 256.85 as compared to the previous close of Rs. 256.55. The total number of shares traded during the day was 3838 in over 222 trades.

The stock hit an intraday high of Rs. 264.20 and intraday low of 255.80. The net turnover during the day was Rs. 990674.00.

Source : Equity Bulls

Keywords

RitcoLogistics INE01EG01016 TransportationLogistics Contracts