Ritco Logistics secures ₹230 crore in new contracts, posts strong November growth

Ritco Logistics Limited reported robust performance in November 2025, securing new transportation and supply chain contracts worth approximately ₹230 crore. This growth highlights the company's expanding market leadership. Key wins include a major contract for fly ash transportation from a leading infrastructure company, a three-year nationwide logistics contract from a primary steel major, and a nine-month contract from another leading steel manufacturer.

The company also expanded multi-sector partnerships, including a year-long logistics agreement with Havells, a one-year nationwide contract with Tata Consumer, and a six-month contract with Mother Dairy. Additionally, Ritco Logistics was awarded a 2.5-year 3PL contract by MRPL in Western India.

TrucksUp, a subsidiary, announced leadership strengthening with new chief growth officer and chief marketing officer appointments. TrucksUp reported November performance highlights, including onboarding 785 new Smart Fuel customers, 1,037 new FASTag customers, and issuing 653 new insurance policies, generating a total premium of ₹1.80 crore. TrucksUp is initiating a fundraising round to secure ₹50 crore for nationwide expansion and technological advancements, following an initial promoter injection of ₹20.00 crore.