JKB Financial Services Ltd.

As on : 11-Aug-2026

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11-Aug-2026 16:44

Ritco Logistics secures Rs 342 Crores in contracts, including a major deal with HPCL Rajasthan Refinery

Ritco Logistics Ltd. has secured new business contracts totaling approximately Rs 342 Crores across its transportation and warehousing verticals, as announced August 11th, 2026. Key wins include a Rs 334 Crore contract from HPCL Rajasthan Refinery Limited for polymer granule distribution nationwide, a transportation contract from MRPL, and a warehousing contract from OPAL (ONGC Petro additions Limited) in Gujarat. These additions reinforce the company's strategy of expanding long-term customer relationships and strengthening its integrated logistics capabilities, particularly within the energy and petrochemical sectors, while also bolstering its warehousing and technology-driven solutions like the TrucksUp platform, which has seen significant growth in FASTag usage (GMV of approximately Rs 27 Crores), fuel card transactions (GMV of approximately Rs 2.50 Crores), vehicle financing (Rs 4.30 Crores disbursed), and GPS unit installations (revenue of approximately Rs 40 Lacs).

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