Ritco Logistics Ltd. strengthens Market Leadership with Major Wins in Transportation, Warehousing, and Multimodal Logistics

Ritco Logistics Ltd., a prominent force in India's integrated logistics sector, continues to solidify its reputation as a dependable partner for leading industrial enterprises. Showcasing its dedication to operational excellence, speed, and dependability, Ritco has recently secured several significant contracts spanning transportation, warehousing, and multimodal logistics services.

A. Transportation vertical - Expanding Reach with Industry Leaders

Jindal Steel & Power Ltd. - In a significant milestone that underscores its expertise in handling largescale industrial logistics, Ritco Logistics Ltd. has been awarded a high-value rate contract worth ₹85 crore by Jindal Steel and Power Limited (JSPL). This strategic contract involves the transportation of steel products from JSPL's state-of-the-art manufacturing facility in Angul, Odisha, to diverse destinations across the country.

NTPC - Further strengthening its foothold in the power and energy logistics segment, Ritco Logistics Ltd. has successfully secured a major contract valued at ₹36 crore from NTPC Limited for the movement of fly ash in Jharkhand. This multi-year engagement marks a significant addition to Ritco's growing portfolio in specialized bulk material handling. The contract involves the efficient and environment-friendly transportation of fly ash to designated locations, supporting NTPC's sustainability and circular economy initiatives.

Additional Strategic Business Wins

Ritco continues to expand its presence across diverse industries through multiple new contracts. Esteemed clients such as SLR Metalics Ltd., VBL, Agrotech etc. These strategic additions collectively enhance Ritco's market reach and underscore our versatility in serving sectors such as Metals, FMCG, etc.

B. 3PL & Warehousing

MRPL Contract - In a strategic move to expand its footprint in the 3PL and warehousing segment, Ritco Logistics Ltd. has secured a significant long term contract with MRPL for operations at key industrial hubs including Morbi, Kheda, and Vapi. This collaboration underscores Ritco's growing expertise in delivering end-to-end integrated logistics solutions tailored to the specific needs of its clients.

C. Information Technology

Data Encryption at Rest and in Transit: To prevent eavesdropping and leaking, make sure that ERP data is encrypted both during storage and transfer.

Endpoint Detection and Response (EDR): Beyond the conventional antivirus, advanced EDR systems include real-time endpoint monitoring and response capabilities within the ERP system.

Shares of Ritco Logistics Ltd was last trading in BSE at Rs. 295.80 as compared to the previous close of Rs. 290.35. The total number of shares traded during the day was 5217 in over 259 trades.

The stock hit an intraday high of Rs. 297.00 and intraday low of 292.00. The net turnover during the day was Rs. 1539224.00.