Logistics Company Continues Its Winning Streak with Prestigious Contracts Across Transportation, Warehousing & Multimodal Sectors

The company has a market cap of over Rs 700 crore and the stock is up by 29 per cent from its 52-week low of Rs 213.90 per share.

Ritco Logistics Ltd. continues its growth trajectory by securing significant contracts across transportation, warehousing, and multimodal sectors, reinforcing its position as a leading integrated logistics provider in India. In the transportation vertical, Ritco has been awarded a contract valued at approximately Rs 10 crore by Tata Steel for cargo movement from Vishnupur, and a Rs 20 crore contract from Indian Oil Corporation Ltd. (IOCL) for cargo transportation from Paradeep. Additionally, the company has secured a ₹4 crore transportation contract from Emami Ltd., expanding its presence in the FMCG sector. Further strategic transportation contracts have been awarded by IVL Dhunseri, Sandur Group, and Uflex, diversifying Ritco’s portfolio.

Furthermore, Ritco has demonstrated its expertise in multimodal logistics by successfully executing cargo movement for a leading Bio Energy Company in Uttar Pradesh, in collaboration with Indian Railways, showcasing its ability to integrate rail transport into cost-effective and sustainable supply chain solutions. Ritco has also implemented robust IT network and server security measures, including firewalls, intrusion detection and prevention systems, encryption, and comprehensive data center access controls and surveillance, ensuring the protection of sensitive information and infrastructure against cyber threats.

Ritco Logistics Ltd, a prominent third-party logistics (3PL) service provider, offers comprehensive logistics solutions including transportation and warehousing. With a strong presence across 300+ locations and a fleet of 296+ vehicles, Ritco efficiently manages cargo movement and storage. The company's ISO 9001:2000 certification underscores its commitment to quality and operational excellence. By leveraging its extensive network and experienced team, Ritco provides reliable and cost-effective logistics services to clients across various industries.

The company has a market cap of over Rs 700 crore and the stock is up by 29 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.