Multibagger Logistics Company Bags Two Contracts Worth Rs 235 Crore from Haldia Petrochemicals Ltd & Mahadhan AgriTech Ltd
The company has a market cap of over Rs 1,100 crore and the stock gave multibagger returns of 126 per cent from its 52-week low of Rs 190.30 per share.
Ritco Logistics Ltd has secured two significant contracts, bolstering its position in the logistics industry. The company has been awarded a substantial Rs 120 crore road transport contract by Haldia Petrochemicals Ltd., a leading polymer company in India. This achievement solidifies Ritco's reputation as a reliable partner in the petrochemical logistics sector. Additionally, Ritco has been entrusted with a logistics contract worth Rs 115 crore by Mahadhan AgriTech Limited, a renowned player in industrial and agricultural chemical manufacturing. This three-year engagement in the West Zone further underscores Ritco's commitment to providing exceptional service standards.
Ritco also announces strategic partnerships with leading industry players. We have secured a significant logistics contract with P&G in the South Zone, solidifying our position as a global-standard logistics provider. Additionally, we have expanded our portfolio to include coal, steel, polymer, and plastics, onboarding prestigious clients. Furthermore, our partnership with Blue Star Ltd. has commenced, marking a significant milestone in our journey.
Ritco's commitment to operational excellence is evident in our recent achievements. We have successfully secured three major road transport contracts from Sandur Manganese & Iron Ore Ltd. (SMIOL), highlighting our dominance in heavy-load transport logistics. To further enhance our capabilities, we have restructured our team and appointed an industry expert to lead our ambitious Multimodal Transportation vertical.
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Ritco Logistics Ltd., a prominent third-party logistics (3PL) service provider, offers comprehensive logistics solutions including transportation and warehousing. With a strong presence across 300+ locations and a fleet of 296+ vehicles, Ritco efficiently manages cargo movement and storage. The company's ISO 9001:2000 certification underscores its commitment to quality and operational excellence. By leveraging its extensive network and experienced team, Ritco provides reliable and cost-effective logistics services to clients across various industries.
The company has a market cap of over Rs 1,100 crore and the stock gave multibagger returns of 126 per cent from its 52-week low of Rs 190.30 per share.
Disclaimer: The article is for informational purposes only and not investment advice.