Announced Tue, 11 Aug · 15:42 IST
Ritco Logistics secures new contracts worth INR 342 Crore
RITCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.0%1-day move
₹304.60
prior close
₹308.80
base price
After-mkt
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Up moveDown movePending
AI summary
Ritco Logistics secured new contracts worth nearly INR 342 Crores across transportation and warehousing. Major win: about INR 334 Crores contract from HPCL Rajasthan Refinery Limited for polymer granule distribution across India. Additional contracts from MRPL for transportation and from ONGC Petro additions for warehousing in Gujarat. These strengthen the company's petrochemical logistics presence. TrucksUp platform: over 5,000 FASTags issued, GMV about INR 27 Crores.
Likely market impact
Large contract wins boost the order book and reinforce presence in petrochemical logistics. Positive for revenue visibility.