Ritco‍‌‍‍‌‍‌‍‍‌ Logistics Secures ₹130 Crore in New Contracts for October; Stock Closed Up in Green

Gurugram, November 12, 2025: Ritco Logistics Limited (NSE: RITCO, BSE: 542383) announced it has secured new business contracts worth ₹130 crore in October 2025, reflecting robust growth across its transportation and logistics technology verticals. Following the announcement, the stock closed in green, gaining over 2.6%.

Strong Contract Wins Across Verticals

Ritco’s transport business secured significant deals, strengthening its position as a leading player in multimodal logistics. Key contracts include a ₹60 crore pan-India transport deal from Haldia with a petrochemical major, a ₹35 crore one-year FMCG logistics contract from Nestlé India, and a ₹12 crore two-year steel transport contract with Tata Metaliks. Additional contracts from Nayara Energy, MRPL, and CCI–NTPC further bolster the company’s order book.

To support these projects, Ritco has deployed 50 specially fitted vehicles designed for enhanced safety, operational efficiency, and better fleet control, ensuring faster transit and improved service for infrastructure clients.

Technology and Digital Expansion

Ritco’s logistics-tech platform, TrucksUp, continued its strong performance, achieving key milestones in October. In line with the company’s focus on innovation and growth, the leadership team was strengthened with Abhijay Ratan joining as Chief Marketing Officer, Md Khalid as Tech Head, and Sandeep Pahuja as HR Head. These strategic additions aim to accelerate platform development, enhance operational efficiency, and drive digital transformation across Ritco’s logistics network.

The platform also introduced new digital features such as “Urgent Load” and “My Truck is Here” (MTH), which further enhanced real-time management of trucks and loads. Besides, Ritco achieved a multi-million FASTag transaction milestone, which clearly indicates the rapid implementation of the digital ecosystem developed by the company among the fleet operators. All these are pointers to the company’s strategy to become a technology-first logistics player by leveraging AI and automation.

Stock Market Performance

At close, Ritco Logistics’ share price gained 2.61% to ₹269.00. The market capitalisation stood at ₹782.55 crore, and the free float market capitalisation at ₹286.72 crore.

Over the past 52 weeks, the stock has traded between ₹235.00 and ₹444.00. The current uptick reflects steady recovery, supported by strong order inflows and the ongoing expansion of the TrucksUp platform.

Ritco Logistics Ltd is a multimodal logistics and supply chain solutions company, which was incorporated in 2001 with its registered office at Gurugram, Haryana. The company is engaged in the offering of transportation, warehousing, and technology-driven logistics services under its TrucksUp platform. Its relentless emphasis on digital transformation and contract growth is indicative of a strong stature in India’s logistics sector that is undergoing rapid ‍‌‍‍‌‍‌‍‍‌changes.

REF: https://nsearchives.nseindia.com/corporate/RITCO_12112025140445_RITCO_Monthly_Business_Updates_Oct25.pdf

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