Monthly Update6 Jun 2026, 04:30 pm
Ritco Logistics Secures ₹10.07 Cr New Business in May 2026
AI Summary
Ritco Logistics Ltd. reported securing new transportation contracts worth approximately ₹10.07 crores in May 2026. Key wins include a 1-year contract with SLR for ₹3.50 crore and two contracts with RINL totaling ₹5.80 crore, strengthening its position in the PSU segment. The company also secured contracts with BHEL and RenewSys, expanding its presence in heavy engineering and the renewable energy sector. The majority of the contract value (₹8.20 Cr) is under long-term 1-year agreements, ensuring revenue visibility. The company also highlighted IT security governance and updates on its TrucksUp platform, including a new GPS device procurement process.
Key Highlights
- Secured new contracts worth ₹10.07 Cr in May 2026.
- Significant wins in PSU segment with SLR and RINL contracts.
- Expanded presence in renewable energy and heavy engineering sectors.
- Majority of contracts are long-term (1-year), ensuring revenue visibility.
- TrucksUp platform launched new GPS device procurement process.