Logistics Company Bags New Order Worth Rs 121 Crore from NTPC Ltd and Jindal Steel & Power Ltd

The company has a market cap of over Rs 800 crore and the stock is up by 37.2 per cent from its 52-week low of Rs 213.90 per share.

Ritco Logistics Ltd has significantly bolstered its market leadership by securing several new contracts across its core business verticals: transportation, warehousing, and multimodal logistics. These wins underscore the company's commitment to operational excellence and its capability to serve prominent industrial enterprises. The new agreements reflect Ritco's expanding reach and its versatility in handling complex logistics requirements for diverse sectors.

In its transportation vertical, Ritco Logistics has achieved a major milestone with a high-value rate contract worth Rs 85 crore from Jindal Steel & Power Limited (JSPL). This strategic partnership involves the nationwide transportation of steel products from JSPL's manufacturing facility in Angul, Odisha. Further solidifying its presence in the power and energy logistics segment, Ritco also secured a Rs 36 crore multi-year contract from NTPC Limited for the transportation of fly ash in Jharkhand. This highlights Ritco's expertise in specialised bulk material handling and its contribution to environmental sustainability initiatives.

Beyond these major contracts, Ritco has expanded its portfolio with additional strategic business wins from esteemed clients like SLR Metalics Ltd., VBL, and Agrotech. These new contracts collectively enhance Ritco's market reach, demonstrating its adaptability in serving various industries, including metals and FMCG. These consistent wins reinforce Ritco's position as a dependable partner for a broad spectrum of industrial needs.

Furthermore, Ritco Logistics is expanding its footprint in the 3PL and warehousing segment, marked by a significant long-term contract with MRPL. This collaboration will involve operations at key industrial hubs such as Morbi, Kheda, and Vapi, showcasing Ritco's growing expertise in delivering comprehensive, integrated logistics solutions tailored to client-specific demands. The company has a market cap of over Rs 800 crore and the stock is up by 37.2 per cent from its 52-week low of Rs 213.90 per share.

Disclaimer: The article is for informational purposes only and not investment advice.