Ritco Logistics542383Major contract win

September 2026 update: new business worth ₹119.55 crore led by BCPL and HRRL transport contracts

Ritco Logistics said it secured new business worth approximately ₹119.55 crore in September 2026.

By ScoutQuest · Sat 24 Oct 2026, 8:13 PM IST · 2 min read

New business secured: approximately ₹119.55 crore in September 2026
BCPL Dibrugarh contract: three-year transportation contract valued at approximately ₹73.67 crore
HRRL Barmer contract: three-year contract worth approximately ₹35.34 crore, in addition to an earlier work order of ₹334 Crore

The headline number

Ritco Logistics' monthly business update for September 2026 states that the company secured new business worth approximately ₹119.55 crore across a range of customers and transportation requirements.

The update describes the order inflow as strengthening the company's portfolio of long-duration transportation contracts and adding business across multiple industrial segments and routes.

Contract wins in transportation

BCPL, Dibrugarh: a three-year transportation contract from Brahmputra Cracker and Polymer Limited valued at approximately ₹73.67 crore. It covers transportation from Lapetkata to various destinations. The update calls this the largest business win during September.
HRRL Barmer: a three-year transportation contract from HPCL Rajasthan Refinery Limited valued at approximately ₹35.34 crore, described as being in addition to the earlier work order of ₹334 Crore. It covers transportation from Pachpadra to various destinations.

Other contracts signed in the month

Battery and Power Backup: a one-year transportation contract from Ambala to various destinations.
Paper and Packaging: an eleven-month transportation contract covering Rayagada and Raipur to various destinations.
Glass: a three-month transportation contract from Keshwana, Rajasthan to various destinations.
Ceramic Material: a one-month transportation contract from Vizag to Dhanbad.

TrucksUp, the step-down subsidiary

The update carries September operating numbers for the platform

FASTag: approximately 9,926 FASTags issued, with a gross merchandise value of approximately ₹54 Crore.
Vehicle Financing: total disbursements of approximately ₹3.78 Crore during the month.
Smart Fuel: approximately 419 KL of fuelling recorded.
GPS: revenue of ₹49.05 Lakh during the month.
Subscription: total subscription revenue of approximately ₹80.07 lacs during the month.
Truck Supplier Onboarding: a total of 15,918 truck suppliers were onboarded on the platform during the month.

Information technology

The update lists four areas where the company says controls have been strengthened

Vulnerability and patch management, to reduce exposure to known security risks across critical technology assets.
Identity and access management, to ensure appropriate access to critical systems and business information.
Security monitoring and incident response, to improve detection, escalation and response to cybersecurity events.
Backup and disaster recovery, to improve availability and recoverability of critical systems and business information.

How to read this

This is a voluntary monthly business update, not audited financial results. The rupee values are described as approximately and cover contracts won during the month; they indicate the size of new order inflow and the revenue visibility they can add over the contract period, rather than money already earned. The mix of three-year contracts and shorter one-to-eleven-month assignments shows both long-duration work and smaller, quicker-turnaround business.