Ritco Logistics Secures ₹82 Crore in New Contracts During January 2026
Ritco Logistics Limited secured approximately ₹82 crore in new transportation contracts during January 2026, demonstrating strong momentum across multiple industry sectors. The company won significant long-term steel and metals contracts worth ₹233 crore, food industry partnerships with ITC Ltd worth ₹10 crore, and paper sector deals worth ₹11 crore. The TrucksUp platform showed exceptional growth with 92% increase in insurance policy issuance and 94% growth in FASTag business, reinforcing the company's technology-driven approach to logistics solutions.

*this image is generated using AI for illustrative purposes only.
Ritco Logistics Limited started 2026 on a strong note, securing new transportation contracts worth approximately ₹82 crore in January 2026. The integrated logistics and multimodal transport solutions provider demonstrated continued strength across core industrial sectors through long-term partnerships and operational excellence.
Major Contract Wins Across Key Sectors
The company's January performance was driven by significant wins across multiple industry verticals, showcasing its diversified client base and sector expertise.
Steel and Metals Sector Leadership
| Parameter: | Details |
|---|---|
| Contract Value: | ₹233 crore |
| Duration: | Three years |
| Coverage: | Eastern India to Western/Southern India |
| Sector Focus: | Steel and metals |
Ritco secured multiple long-term contracts in the steel and metals segment, reinforcing its leadership position in Full Truck Load (FTL) transportation. These three-year engagements cover high-volume, plant-to-market movements and demonstrate the company's deep expertise in handling complex logistics requirements for the steel industry.
FMCG and Food Industry Expansion
| Client: | Contract Details |
|---|---|
| ITC Ltd: | ₹10 crore, one-year contract |
| Scope: | Multi-origin, multi-destination movements |
| Coverage: | Pan-India operations |
| Segment: | FMCG and packaged foods |
The company strengthened its presence in the fast-moving consumer goods sector through strategic partnerships with ITC Ltd. These assignments highlight Ritco's capability in managing time-sensitive, high-frequency dispatches with consistent service reliability.
Paper and Packaging Sector Growth
Ritco expanded its footprint in the paper and processed materials sector through new annual contracts worth ₹11 crore with ITC and Roquette. These engagements involve regional and pan-India movements, demonstrating the company's ability to support steady, predictable supply chains for manufacturing-driven industries.
Technology Platform Enhancements
The company continued strengthening its technology infrastructure with focus on:
- Enhanced security protocols for data protection and financial transaction safety
- Improved platform performance enabling faster load processing and real-time updates
- System reliability improvements ensuring minimal downtime and smooth operations
TrucksUp Platform Achievements
Ritco's TrucksUp platform marked several significant milestones during January 2026:
Service Expansion and Partnerships
- FASTag service launch: Enabling end-to-end digital journey for fleet owners
- Jio BP partnership: Smart Fuel Card creation and management capabilities
- Large Fleet Owner (LFO) platform: Comprehensive vehicle ecosystem management
Strong Business Growth Metrics
| Service: | Growth Rate | Details |
|---|---|---|
| Commercial Vehicle Insurance: | 92% increase | Policy issuance growth |
| FASTag Issuance: | 94% increase | Higher adoption rates |
| FASTag GMV: | 110% growth | Revenue expansion |
The platform's insurance business demonstrated remarkable growth with approximately 92% increase in commercial vehicle insurance policy issuance. Fleet owners increasingly relied on TrucksUp for responsive customer support and suitable insurance options, enabling faster policy processing and better cost management.
Strategic Business Positioning
The January contract wins represent a balanced mix of long-term, annuity-driven contracts and strategic short-term assignments. This approach ensures revenue visibility and operational stability while deepening relationships with leading industrial clients. The company continues expanding its reach across sectors critical to India's infrastructure and manufacturing growth, positioning itself for sustained business development throughout 2026.
Historical Stock Returns for Ritco Logistics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.63% | +6.82% | -3.90% | -14.17% | -28.25% | +106.94% |

































