Ritco Logistics Limited has commenced calendar year 2026 with a strong start, securing new transportation contracts worth approximately ₹82 crore in January 2026. These wins highlight the company's sustained strength in core industrial sectors and its ability to foster long-term business relationships through consistent service delivery. The company secured multiple long-term contracts in the steel and metals segment, including three-year engagements covering movements from Eastern India to Western/Southern India, valued at ₹233 crore. Additionally, Ritco won a one-year logistics contract with ITC Ltd in the FMCG and packaged foods segment, worth ₹10 crore, involving multi-origin and multi-destination movements across India. Further expanding its footprint, Ritco secured new annual contracts in the paper, packaging & processed goods sector with ITC and Roquette, worth ₹11 crore, for regional and pan-India movements. In terms of Information Technology, security, access control, and data protection have been continuously strengthened across the platform to improve ERP reliability and ensure the safety and compliance of financial transactions and operational data. Platform performance and system availability are also being enhanced through backend and infrastructure improvements, enabling faster load processing and minimal downtime. TrucksUp, a key business initiative, has achieved significant milestones. The launch of its FASTag service has strengthened its value proposition for fleet owners and transporters, enabling easy checking of FASTag details and raising related requests digitally. TrucksUp also partnered with Jio BP for Smart Fuel Card creation and management, simplifying fuel expense tracking for fleet owners. In January, TrucksUp saw a substantial increase of approximately 92% in commercial vehicle insurance policy issuance and a 94% rise in FASTag issuance, with GMV growing by around 110%. The TrucksUp platform is equipped with a dedicated Large Fleet Owner (LFO) platform to manage the entire vehicle ecosystem, including verification, tracking, FASTag and fuel card management, and safety checks.
