Image Source: Moneycontrol
Ritco Logistics Ltd, India's largest integrated logistics company, announced today that it has secured various high-value multimodal logistics, warehousing, and transportation contracts. These new orders indicate a large increase in Ritco's service portfolio and further solidify its position as a valued business partner to some of India's largest industrial conglomerates.
In the transportation segment over the past year, Ritco has extended its long-term relationship with Tata Steel with a new multi-year logistics contract, solidifying its position as a reliable and large-scale industrial freight manager. Ritco has also won new transportation contracts from ArcelorMittal Nippon Steel (AMNS) and JSW Steel, further solidifying its position in the steel logistics space and its capability to offer customized, high-quality services for time-sensitive and high-volume movements of cargo.
Besides steel, Ritco has expanded customer base with strategic victories from leading companies like Mother Dairy, Virchow Laboratories, Epack Petrochem, Sunflag Iron and Steel, Maruti Steel, JK Tyre, Anna A-One Alloy, and Chettinad. These deals further deepened Ritco's reach into the FMCG, pharma, specialty chemicals, auto, and alloy manufacturing sector.
In warehousing as well as in 3PL, Ritco has entered a two-year partnership agreement with Mangalore Refinery and Petrochemicals Limited (MRPL) and a three-year partnership arrangement with Indian Synthetic Rubber Private Limited (ISRPL), thus placing itself even better as an end-to-end, integrated logistics services partner.
Ritco is also leading the innovation pace in multimodal transport, expanding rail-road combination solutions to four new states and carrying out value-added freight transportation such as the movement of organic manure in Andhra Pradesh. All these indicate the direction of Ritco towards environment-friendly and cost-effective logistics as well as investment in cutting-edge supply chain solutions. With these wins of contracts, Ritco Logistics Ltd is on the cusp of high-growth rates, further strengthening its leadership role in India's fast-growing logistics market.
Source: Refinitiv
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