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Ritco Logistic bags transportation contracts worth Rs 10 crore in May
Jun-08-2026

Ritco Logistics has secured new transportation contracts worth around Rs 10.07 crore in the month of May 2026. Out of this, the company's Polymer & PSU segment has secured contracts worth around Rs 9.30 crore, including a 1-year contract worth Rs 3.50 crore from SLR, and a 1-year contract worth Rs 4.40 crore as well as a 6-month contract worth Rs 1.40 crore from RINL. The company also secured a1-year contract from BHEL and two contracts from RenewSys under its Infrastructure, Engineering & Industrial Goods segment.

Additionally, the company's TrucksUp platform has launched its Global Positioning System (GPS) device on-boarding and procurement process, enabling fleet operators and transporters to request and purchase GPS devices directly through the platform with integrated digital payments. Further, more than 1200 digital fuel cards were created on the TrucksUp platform in May, reflecting continued steady adoption among fleet operators and transporters. Month-on-month growth remains consistent as the platform increasingly becomes the preferred channel for structured fuel payment management, enabling better control and visibility over fuel expenses.

Moreover, FASTag GMV on the TrucksUp platform crossed Rs 30 crore in May, registering a around 20% month-on-month increase in transaction value. This continued upward trend reflects growing adoption among fleet operators who are consolidating their highway toll payments through the platform, underscoring increasing trust in TrucksUp as an end-to-end commercial vehicle management solution. 

Ritco Logistic is engaged in the business of providing goods transport service along with warehousing facilities.

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