Ritco Logistics Secures ₹104.18 Crore in New Contracts During February 2026
Ritco Logistics Limited secured new transportation contracts worth ₹104.18 crore in February 2026, led by a significant 3-year ₹84 crore deal with Jindal Stainless Limited. The company demonstrated strong performance across steel, metals, FMCG, and industrial sectors while its TrucksUp platform recorded 52% month-on-month growth in FASTag transactions with GMV exceeding ₹15 crore. The diversified contract portfolio and digital platform growth reflect the company's strengthened market position and operational capabilities.

*this image is generated using AI for illustrative purposes only.
Ritco Logistics Limited announced securing new transportation contracts worth approximately ₹104.18 crore in February 2026, marking a strong continuation of the company's growth momentum across multiple industrial sectors. The contract wins demonstrate the company's diversified sectoral presence and execution capabilities across steel, metals, FMCG, chemicals, building materials, and industrial goods segments.
Steel and Metals Sector Dominance
The steel and metals vertical contributed the largest share of new business with contracts worth over ₹97 crore. The highlight was a major 3-year contract worth ₹84 crore from Jindal Stainless Limited for multi-location movements, reinforcing Ritco's leadership in long-haul, high-volume industrial transportation.
| Client | Contract Duration | Value | Scope |
|---|---|---|---|
| Jindal Stainless Limited | 3 years | ₹84 crore | Multi-location movements |
| Aarti Steels Limited | 1 year | ₹13 crore | North and South India movements |
| Tata Metaliks Limited | 3 months | Not disclosed | Eastern India movements |
| Jindal Steel & Power Limited | 1 year | Not disclosed | Odisha-based industrial movements |
These contracts reaffirm Ritco's expertise in plant-to-market steel logistics and its ability to manage complex supply chains with assured fleet availability and operational discipline.
Diversified FMCG and Industrial Portfolio
The company secured additional contracts worth over ₹7 crore from FMCG, industrial, and building materials sectors, showcasing its capability to handle diverse cargo categories. Key wins included a 14-month contract with Kansai Nerolac Paints Limited for multi-destination dispatches across India and a 1-year pan-India movement contract with Frigo Glass India Pvt Ltd for time-sensitive industrial goods.
| Client | Duration | Service Scope |
|---|---|---|
| Kansai Nerolac Paints Limited | 14 months | Multi-destination dispatches across India |
| Frigo Glass India Pvt Ltd | 1 year | Pan-India movement contract |
| Prism Johnson Limited | 6 months | Regional movements |
| RenewSys India Pvt Ltd | Short-term | Renewable energy sector logistics |
TrucksUp Platform Performance
The company's TrucksUp digital platform demonstrated strong growth metrics during February 2026. FASTag transactions recorded month-on-month growth of approximately 52%, with GMV surpassing ₹15 crore in February alone. The platform has expanded its service coverage to over 17,000 pin codes nationwide, strengthening its national footprint across metro cities, tier-2/3 markets, and rural logistics clusters.
| Metric | Performance |
|---|---|
| FASTag Transaction Growth | 52% month-on-month |
| February FASTag GMV | ₹15+ crore |
| Service Coverage | 17,000+ pin codes |
| Digital Fuel Card Customers | 6,000+ |
The Load Board feature showed continued engagement with Add Load recording 23% month-on-month growth and Find Load witnessing 32% growth in February, reflecting improved platform traction and higher search activity.
Strategic Partnerships and Technology Initiatives
TrucksUp has strengthened its fuel ecosystem through strategic integrations with major oil marketing companies including IOCL, HPCL, Jio BP, and Nayara Energy. These partnerships have expanded the platform's nationwide fuel acceptance network and enabled structured fuel programs with enhanced digital payment capabilities. The company also enhanced its cybersecurity measures during the month, reviewing endpoint security controls and strengthening email security configurations to protect against potential threats.
Historical Stock Returns for Ritco Logistics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.01% | +7.22% | -10.77% | -23.30% | -20.01% | +74.33% |
































