February 1, 2025 – Mumbai, India – Ritco Logistics Ltd. (NSE: RITCO, BSE: 542383) has announced significant business developments in its latest monthly update, showcasing major contract wins and an aggressive expansion into the SAARC region.
Key Business Highlights:
- SAARC Expansion & Leadership Appointment:
Ritco Logistics Ltd. has entered the SAARC market, achieving a business turnover of approximately ₹90 lakh in its inaugural month. To lead this expansion, the company appointed Mr. Subhash Chippa as AVP, leveraging his extensive experience in regional operations. - Major Contracts Secured:
- NTPC: Secured a ₹45 crore contract for bulk cargo transportation, reinforcing its industrial logistics expertise.
- CEAT Tyres: Won a ₹12 crore contract for nationwide finished goods transportation, strengthening its role in the automotive supply chain.
- RINL-Vizag: Bagged a work order for steel transportation from Vizag and Hyderabad, enhancing its presence in the steel logistics sector.
- Birla Carbon India Pvt. Ltd.: Secured a ₹2.1 crore order for carbon black transportation across multiple destinations in India.
- BKT Tyre: Awarded a ₹1.5 crore contract for nationwide logistics operations from Bhiwadi, Waluj, and Bhuj.
- New Client Acquisitions:
Ritco Logistics Ltd. expanded its client portfolio with Mars International and Balmer Lawrie Van Leer Ltd., further diversifying its business operations. - Strategic 3PL & In-Plant Logistics Partnership:
The company secured a long-term logistics contract with Garden Silk Mills Private Limited (GSMPL) at its Gujarat facility, reinforcing its capabilities in supply chain solutions.
Commitment to Security & Compliance
Ritco Logistics emphasized its adherence to robust cybersecurity protocols, ensuring data protection through:- Secure Communication Protocols: Implementation of HTTPS and TLS encryption for data transmission.
- Regular Penetration Testing & Compliance Certifications:
- SOC 2 (Service Organization Control 2)
- ISO 27001 (Information Security Management System)