Ritco Logistics Secures ₹75+ Crore in New Contracts & Scales ‘TrucksUp’ Platform

Ritco Logistics Limited has secured new business worth over ₹75 crore across its core logistics verticals, while simultaneously accelerating the growth of its digital fleet-management platform, TrucksUp. Key Contract Wins (Core Logistics): Fly Ash Logistics (~₹45.50 Crore): Secured three major projects from MEIL for large-scale infrastructure development in Bihar. Transportation (~₹23.95 Crore + Others): Won a 1-year polymer/petrochemical contract from OPAL (Gujarat to pan-India), alongside new mandates from RINL (Steel) and Pidilite Industries. 3PL & Warehousing: Expanded its end-to-end supply chain footprint by securing a 1-year rate contract from OPAL to manage warehousing facilities in Kheda and Vapi, Gujarat. TrucksUp Platform & Digital Growth: Ritco’s tech-enabled fleet management arm, TrucksUp, reported robust monthly traction: FASTag & Fuel: FASTag Gross Merchandise Value (GMV) crossed ₹80 crore (9,162 tags issued). Digital fuel card issuance surged to 1,900+ in June (up from 1,200+ in May). Insurance & New Launches: Issued 1,150+ insurance policies (₹3.6 crore premium) and launched two new platforms: TrucksUpMAX (for large fleet owners) and GoldPump (for fuel station owners). Brand Ambassador: Appointed Bollywood actor Ajay Devgn as the official brand ambassador for the "TrucksUp – Ab Apni Chalao" campaign to massively boost brand recall and trust among truck owners and transporters. Strategic Outlook: These developments highlight Ritco Logistics' successful dual-growth strategy. The ₹75+ crore physical contract wins provide strong, diversified revenue visibility across high-margin sectors (infrastructure, steel, petrochemicals). Concurrently, the rapid scaling and aggressive marketing of the TrucksUp platform position the company as a formidable, tech-enabled integrated logistics player in India. $RITCO