Ritco Logistics Limited has informed the Exchange regarding Monthly Business Updates for the month of June 2025
RITCO · price
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Awaiting price reaction for this filing.
Ritco Logistics announced multiple high-value contract wins across its transportation, warehousing, and multimodal logistics businesses. Key wins include a ₹30 Cr Letter of Intent for fly ash transportation in Bihar, a ₹15 Cr one-year contract from Hindustan Zinc (Vedanta Group), a ₹20 Cr six-month contract from RINL (Vizag Steel) for PAN-India steel transport, and a ₹60 Cr chrome ore transportation contract from the Jindal Group. The company also onboarded new clients including Apar Industries, VVF, and CEAT Tyres, and secured dedicated fleet contracts from Dalmia Chanderpur (30 trucks for 5 years) and Nuvoco Cement (15 trailers). The filing highlights IT infrastructure upgrades including secure ERP API integration and disaster recovery planning.
Positive for shareholders — the aggregate contract wins of approximately ₹125 Cr in transportation alone signal strong revenue visibility and business momentum. For a small-cap logistics player, securing contracts from marquee clients like Hindustan Zinc, RINL, and the Jindal Group enhances credibility and could support stock price re-rating.