Ritco Logistics Secures New Contracts Worth Over ₹75 Crore Across Key Verticals

2 min read     Updated on 20 Jul 2026, 11:00 PM
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Naman SScanX News Team
AI Summary

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.

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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 Day5 Days1 Month6 Months1 Year5 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?

Ritco Logistics closes trading window ahead of Q1FY26 results

1 min read     Updated on 23 Jun 2026, 07:09 PM
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Ritco Logistics Limited closed its trading window on July 1, 2026, restricting share transactions for insiders until 48 hours after Q1FY26 results are declared. The move follows SEBI regulations and the company's internal code of conduct. The board meeting date for the unaudited results will be announced later.

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Ritco Logistics Limited has closed its trading window for insiders effective July 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations 2015. The restriction applies to directors, promoters, designated persons, and their immediate relatives, prohibiting transactions in the company's shares. The window will remain closed until 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2026.

The closure aligns with the company's Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders. This measure is intended to prevent potential insider trading during the period leading up to the financial results announcement.

The company has not yet announced the specific date for the board meeting to consider the unaudited financial results for the quarter ending June 30, 2026. Ritco Logistics stated that this information will be intimated in due course.

Event Date / Time
Trading Window Closure July 1, 2026
Quarter End June 30, 2026
Trading Window Reopens 48 hours after Q1FY26 results declaration

The intimation was submitted by Gitika Arora, Company Secretary cum Compliance Officer, to the National Stock Exchange of India and Bombay Stock Exchange on June 23, 2026.

Historical Stock Returns for Ritco Logistics

1 Day5 Days1 Month6 Months1 Year5 Years
+0.81%+6.15%+2.83%+16.32%-9.48%+135.62%

When will the board meeting to consider the unaudited financial results be scheduled?

What are the market expectations for Ritco Logistics' performance in Q1 FY26?

How might the extended trading window closure impact insider sentiment and stock liquidity?

More News on Ritco Logistics

1 Year Returns:-9.48%