Ritco Logistics Limited has informed the Exchange regarding Monthly Business Updates for the month of May 2025
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Ritco Logistics announced major contract wins across transportation, warehousing, and 3PL segments. The company secured a high-value ₹85 crore rate contract from Jindal Steel & Power for steel product transportation from Angul, Odisha. A separate ₹36 crore multi-year contract was won from NTPC for fly ash movement in Jharkhand. Additional smaller contracts were bagged from clients including SLR Metalics, VBL, and Agrotech in metals and FMCG sectors. The 3PL and warehousing segment saw a long-term contract with MRPL for operations at Morbi, Kheda, and Vapi. IT infrastructure upgrades including data encryption and EDR systems were also highlighted.
These large contract wins significantly boost Ritco's order book and reinforce its position as a trusted logistics partner for major industrial and PSU clients. Positive for business momentum and revenue visibility, though investors should monitor execution and margin impact.