Ritco Logistics Secures New Contracts Worth Over ₹75 Crore Across Key Verticals
Ritco Logistics has secured new business worth over ₹75 crore across its Transportation, Fly Ash Logistics, and 3PL & Warehousing verticals, with major contract wins from OPAL, MEIL, RINL, and Pidilite Industries. The TrucksUp platform recorded FASTag GMV crossing ₹80 crore, 9,162 FASTags issued, and 1,150+ insurance policies with a premium value of ₹3.60 crore, while actor Ajay Devgn was appointed as its brand ambassador.

*this image is generated using AI for illustrative purposes only.
Ritco Logistics Limited has secured new business worth over ₹75 crore across its Transportation, Fly Ash Logistics, and 3PL & Warehousing verticals, strengthening its position as an integrated logistics solutions provider. The company reported significant contract wins from major clients including OPAL, Megha Engineering & Infrastructure Ltd. (MEIL), and RINL, providing healthy revenue visibility for the coming months. Additionally, the firm announced the appointment of actor Ajay Devgn as the official brand ambassador for its TrucksUp platform to accelerate brand recognition.
Transportation and Fly Ash Logistics Wins
In the Polymer & Petrochemical segment, Ritco secured a one-year transportation contract worth approximately ₹23.95 crore from OPAL, covering movements from Gujarat to the East, North-1, North-3, and South-3 regions. The company also won several contracts in the Steel, Engineering & Industrial Logistics sectors, including a six-month contract from RINL for movements from Vizag to Nagpur and a one-year contract from Pidilite Industries for movements from Raipur to multiple destinations.
Ritco commenced three major Fly Ash transportation projects for MEIL in Bihar with a combined contract value of approximately ₹45.50 crore. The individual contracts are valued at ₹12 crore, ₹15 crore, and ₹18.50 crore, respectively, supporting large-scale infrastructure development projects in the state.
The following table summarises the key contract wins across verticals:
| Vertical | Client | Contract Duration | Value/Details |
|---|---|---|---|
| Polymer & Petrochemical | OPAL | One year | ~₹23.95 crore |
| Fly Ash Logistics | MEIL | Project-based | ~₹45.50 crore total |
| Steel, Engineering & Industrial | RINL | Six months | Vizag to Nagpur |
| Steel, Engineering & Industrial | Pidilite Industries | One year | Raipur to multiple destinations |
| 3PL & Warehousing | OPAL | One year | Facilities at Kheda and Vapi |
3PL & Warehousing Expansion
The company expanded its integrated logistics services by securing a one-year Rate Contract from OPAL to manage two warehousing facilities located at Kheda and Vapi, Gujarat. This addition highlights customer confidence in Ritco Logistics's capability to deliver end-to-end supply chain management solutions beyond transportation.
TrucksUp Platform Growth and Brand Ambassador
The TrucksUp platform reported strong growth, with FASTag GMV crossing ₹80 crore and a total of 9,162 FASTags issued to date. The platform issued 1,900+ digital fuel cards in June, up from 1,200+ in May, and issued 1,150+ insurance policies with a total premium value of ₹3.60 crore. New platforms, TrucksUpMAX for Large Fleet Owners and GoldPump for fuel station owners, were also launched to enhance competitive advantage.
Ritco Logistics appointed Mr. Ajay Devgn as the Official Brand Ambassador of TrucksUp. The strategic association aims to enhance brand visibility and reinforce the company's commitment to empowering truck owners and transporters under the campaign message "TrucksUp – Ab Apni Chalao."
Historical Stock Returns for Ritco Logistics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.81% | +6.15% | +2.83% | +16.32% | -9.48% | +135.62% |
How will the appointment of Ajay Devgn impact user acquisition costs and the scalability of the TrucksUp platform?
What is the expected revenue contribution from the newly launched TrucksUpMAX and GoldPump verticals in the next fiscal year?
Can the recent contract wins with major clients like OPAL and RINL be converted into long-term multi-year agreements?


































