NSEMonthly Business Updates11 Aug 2026 · 11 Aug 2026, 03:45 pm
Monthly Business Updates
Ritco Logistics Limited · RITCO
✦ AI Summary▲ PositiveOrder Win
Ritco Logistics Limited has secured new contracts worth INR 342 Crores in the transportation and warehousing business verticals, including a major contract from HPCL Rajasthan Refinery Limited (HRRL) and a warehousing contract from OPAL (ONGC Petro additions Limited).
Analysis Scores
Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment8/10
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Full Announcement
Ritco Logistics Limited has informed the Exchange regarding Monthly Business Updates for the month of July 2026
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Ritco Logistics Limited
August 11th, 2026
To, To,
The Manager The General Manager
Listing Department Department of Corporate Services
National Stock Exchange of India Ltd. Bombay Stock Exchange Limited
Exchange Plaza, Plot No. C-1, G Block, 1st Floor, New Trading Ring, Rotunda
Bandra- Kurla Complex, Bandra (East) Building, Phiroze Jeejeebhoy Towers
Mumbai-400051 Dalal Street, Mumbai-400001
NSE SYMBOL: RITCO BSE Scrip Code: 542383
Subject: Monthly Business Updates
Dear Sir/Madam,
With reference to the above mentioned subject, kindly find the Monthly Business Updates enclosed
herewith as Annexure-I
We request you to kindly take the same on record.
Thanking You,
Yours Sincerely,
For Ritco Logistics Limited
Sanjeev Kumar Elwadhi
Director
Corp. & Admin. Office : “RITCO HOUSE” 336, Phase-II, Udyog Vihar, Gurugram - 122016, Haryana
Ph. : 0124-4702300/301 E-mail : ho@ritcologistics.com CIN No. : L60221DL2001PLC112167
Regd. Office : 508, 5th Floor, Jyoti Shikhar Tower, District Centre, Janakpuri, New Delhi-110058 Ph.: 011-25522158
www.ritcologistics.com
Monthly Business
Update (Annexure I)
Latest Monthly Business Update (Annexure I)
Ritco Logistics Ltd. Secures New Business in Transportation and
Warehousing worth nearly INR 342 Crores
Ritco Logistics Ltd., one of India's leading integrated logistics and supply chain solutions providers,
continued to strengthen its business portfolio by securing new contracts across its Transportation
and Warehousing business verticals.
These new orders further reinforce the Company's strategy of expanding long-term customer
relationships while strengthening its integrated logistics capabilities across multiple industry sectors.
Transportation Vertical
Major Contract Win in Petrochemical Segment – HRRL and MRPL
Ritco Logistics Ltd has secured a significant contract valued at approx. ₹334 Crore from HPCL
Rajasthan Refinery Limited (HRRL) for pan-India Polymer Granule distribution from
Pachpadra, Rajasthan. This renowned business will play a pivotal role in advancing:
Market Leadership: As a trusted logistics partner to all major polymer producers across
India, this contract further consolidates Ritco’s deep in-routes within the petrochemical
sector.
Tech-Driven Scaling: This expanded volume accelerates the scaling of our digital supply
chain ecosystem, including advanced AI route optimization, automated fleet
management, and real-time transit visibility.
Client Portfolio Focus: These continuous technological upgrades are designed to enhance
operational efficiency, safety, and service reliability across our entire valued corporate
client.
Ritco Logistics secured a transportation contract from MRPL (Mangalore Refinery &
Petrochemicals Ltd.) The contract covers transportation services from Mangalore.
The award further strengthens Ritco's presence in the polymer logistics sector and
demonstrates customers' confidence in the Company's reliable nationwide transportation
network.
Warehousing & Integrated Logistics
OPAL – Warehousing Operations
Ritco Logistics secured a warehousing contract from OPAL (ONGC Petro additions Limited)
The contract covers warehousing operations in multiple locations in Gujarat.
The project further strengthens Ritco's integrated logistics offerings and reflects the
Company's growing capabilities in warehousing and supply chain management services.
Sustained Growth & Business Mix
The latest business additions highlight:
New businesses secured.
Continued expansion in the Energy and Petrochemical sectors.
Strengthening of the Company's Warehousing and Integrated Logistics portfolio.
Healthy diversification across Transportation and Warehousing business verticals.
Reinforcement of Ritco's position as an integrated logistics solutions provider delivering end-
to-end supply chain services across India.
Outlook
Ritco Logistics continues to focus on sustainable and profitable growth by expanding its customer
base across transportation, warehousing, multimodal logistics, and specialized supply chain
solutions. The latest contract wins reaffirm customer confidence in the Company's operational
capabilities, technology-driven approach, and commitment to delivering reliable logistics services.
With a diversified business portfolio and strong industry relationships, Ritco remains well-positioned
to create long-term value for its customers and stakeholders.
Information Technology
1. Security Operations Enhancement: Security monitoring capabilities have been strengthened to
improve the detection and response to cyber threats.
2. IT Asset Management Optimization: IT asset management processes have been improved to
increase operational efficiency and lifecycle governance.
3. Collaboration Platform Improvements: Collaboration services have been enhanced to
improve productivity and user experience across the organization.
Key Trucksup Updates:
1. 5,000+ FASTags has been issued, taking GMV to approx. ₹ 27 Crores. FASTag continues to be
one of the platform strongest and most consistent products, and fleet operators keep coming
back to it month after month to consolidate their toll payments in one place.
2. 326 fuel cards have been created, with a GMV of approx. ₹ 2.50 Crore. Fleet operators are
steadily moving their fuel spends onto the platform, which gives them better visibility and
control over how much they are spending at the pump.
3. Vehicle financing has closed 13 cases this month, with total disbursement of approx. ₹4.30
Crore — an average ticket size of about ₹ 33 Lakh per case, which shows fleet operators are
trusting the platform with fairly large-ticket financing needs.
4. Approx. 800 GPS units have been installed so far, bringing in revenue of around ₹ 40 Lacs.
GPS is shaping up as a solid new revenue stream for the platform.
The association of Mr. Ajay Devgn reflects the Company's ongoing commitment to expanding its
reach, strengthening its brand identity, and driving greater awareness of its technology-led solutions
for the road transport and logistics sector. By partnering with a personality who resonates with
audiences across the country, the Company aims to deepen its connection with truck owners,
transporters, fleet operators, logistics businesses, and MSMEs.
The Company believes that this strategic collaboration will support its long-term growth objectives,
enhance stakeholder confidence, and reinforce the TrucksUp brand as it continues to scale its
presence across the country.