Ritco Logistics Limited — Important, 01-02-2025: Monthly Business Updates

Ritco Logistics Ltd. has expanded into the SAARC market, appointing Mr. Subhash Chippa as AVP to lead this initiative. The company reported a strong start with a turnover of ₹0.90 crore in its first month. Ritco has secured significant contracts, including a ₹45 crore agreement with NTPC for bulk cargo transportation, a ₹12 crore work order from CEAT Tyres for nationwide logistics, and a ₹2.1 crore contract from Birla Carbon India Pvt. Ltd. for carbon black logistics. Additional contracts include a ₹1.5 crore order from BKT Tyre and newly added partnerships with Mars International and Balmer Lawrie Van Leer Ltd. These developments solidify Ritco’s reputation in the logistics sector, particularly in heavy industrial cargo and supply chain management, indicating a positive outlook for growth in the coming periods.