Ritco Logistics Secures Contracts Worth ₹342 Crore; Shares Fall 1.27%

Mumbai August, 11: Ritco Logistics Limited has secured new transportation and warehousing contracts worth nearly ₹342 crore, expanding its presence across the petrochemical, energy and industrial logistics segments.

According to the company’s monthly business update filed with the exchanges, the new business includes a major transportation contract worth approximately ₹334 crore from Hindustan Petroleum Corporation’s Rajasthan Refinery Limited (HRRL) for pan-India polymer granule distribution from Pachpadra, Rajasthan.

Ritco Logistics has also secured a transportation contract from Mangalore Refinery and Petrochemicals Limited (MRPL) covering transportation services from Mangalore. In addition, the company has won a warehousing contract from ONGC Petro additions Limited (OPAL) covering operations across multiple locations in Gujarat.

The company said these additions strengthen its transportation and warehousing portfolio and deepen relationships with customers in the energy and petrochemical sectors.

Stock Market Snapshot

The fresh contracts did not prevent the stock from ending lower during Tuesday’s trading session.

As of 3:31 PM IST on August 11, 2026, the Ritco Logistics share price stood at ₹302.30, down ₹3.90, or 1.27%, according to the market data provided.

The stock remained under pressure for much of the session, slipping from around ₹305 at the start of trading and touching levels below ₹300 before recovering some ground later in the day.

The market reaction was therefore subdued despite the company announcing a sizeable addition to its order pipeline.

Logistics Portfolio Expands Across Transportation And Warehousing

Ritco Logistics operates across transportation, warehousing, multimodal logistics and specialised supply chain services. The latest contracts add to its exposure to large industrial and energy-sector customers.

The HRRL contract is particularly significant for the transportation business, with the company highlighting its role in polymer distribution and its wider network across India. Ritco said the business should also support greater use of technology in route optimisation, fleet management and supply chain visibility.

The warehousing mandate from OPAL adds another layer to the company’s integrated logistics offering. Operations will span multiple locations in Gujarat, according to the disclosure.

The company also provided updates on its technology-led truck services platform. More than 5,000 FASTags have been issued, while 326 fuel cards have been created. It said vehicle financing activity and GPS installations were also expanding, pointing to a broader push towards technology-enabled fleet services.

Conclusion

Ritco Logistics has added nearly ₹342 crore of new business across transportation and warehousing, with contracts linked to HRRL, MRPL and OPAL.

The wins give the company additional exposure to petrochemical and energy-sector logistics while expanding its warehousing footprint in Gujarat. Ritco said the new contracts reinforce its strategy of building a diversified logistics portfolio and maintaining long-term customer relationships.

Despite the order announcements, the stock closed lower. Ritco Logistics shares were down 1.27% at ₹302.30 as of 3:31 PM IST on August 11, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/RITCO/Ritco-Logistics-Limited
• https://nsearchives.nseindia.com/corporate/RITCO_11082026154516_Monthly_Business_Updates_RItco.pdf