Ritco Logistics secures ₹1,195.5 mn in new business in September

Ritco Logistics secured new business worth approximately ₹1,195.5 million in September 2026, led by long-term transportation contracts from Brahmaputra Cracker and Polymer (BCPL) and HPCL Rajasthan Refinery (HRRL).

According to the company's monthly business update filed with stock exchanges on October 24, the new business includes a three-year contract worth ₹736.7 million from BCPL in Dibrugarh, Assam, and another three-year contract worth ₹353.4 million from HRRL in Barmer, Rajasthan.

The BCPL contract covers transportation from Lapetkata to various destinations, while the HRRL contract involves transportation from Pachpadra to various destinations. The HRRL contract is in addition to an earlier work order worth ₹3,340 million, the company said.

Together, the two contracts account for ₹1,090.1 million of the total business secured during September, strengthening Ritco's portfolio of long-term transportation assignments and expanding its presence in the energy and petroleum sectors.

The company also secured transportation assignments across several other industries, including battery and power backup, paper and packaging, glass, and ceramic materials. These contracts range from one month to one year and cover routes originating from Ambala, Rayagada, Raipur, Keshwana in Rajasthan, and Visakhapatnam.

Ritco said the September business inflow would add to its revenue visibility and diversify its transportation portfolio across industrial segments and customer requirements.

TrucksUp records activity across digital services
The company's step-down subsidiary, TrucksUp Solution, also reported activity across its digital logistics and fleet services during September.

TrucksUp issued approximately 9,926 FASTags, generating gross merchandise value (GMV) of around ₹540 million. Vehicle financing disbursements on the platform totalled approximately ₹37.8 million.

Its Smart Fuel service recorded fuelling volumes of approximately 419 kilolitres, while the GPS business generated revenue of ₹4.905 million. Subscription revenue stood at approximately ₹8.007 million, and the platform onboarded 15,918 truck suppliers during the month.

Ritco also reported enhancements to its information technology and cybersecurity measures, covering vulnerability and patch management, identity and access management, security monitoring, incident response, and backup and disaster recovery.

The company said it remains focused on expanding its presence across industrial sectors, strengthening customer relationships, and developing technology-enabled logistics and transportation solutions.