Business update for the month of April 2026
RITCO · price
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Ritco Logistics secured approximately ₹49 crores in new transportation contracts in April 2026. The standout win is a ~₹44 crore, 1-year contract with a leading petrochemical giant covering multi-location bulk logistics movement, reinforcing Ritco's positioning in the polymer and PSU segment. Additional contracts worth ~₹3 crore were won from electrical, tyre, and renewable industries. On the technology side, Ritco's TrucksUp platform expanded its fuel card integrations to include HPCL alongside existing partners IOCL and Jio-bp. Over 1,000 digital fuel cards were created in the month, and FASTag GMV on the platform crossed ₹25 crore, up ~14% month-on-month. The company noted April inflows were relatively moderate compared to the prior month but highlighted contract quality and revenue visibility as strong.
The ₹44 crore petrochemical contract represents a significant single contract win, providing multi-month revenue visibility; the TrucksUp platform growth in fuel cards and FASTag GMV signals improving digital monetization.