Hot Pursuit
Ritco Logistics Limited announced significant business developments in August 2026, including securing new business worth Rs 388 crore, driven by major long-term contracts with HRRL (Rs 334 crore for transportation from Pachpadra to Pan India) and IOCL (one-year contract from Panipat). Additionally, the company's step-down subsidiary, TrucksUp Solutions Private Limited, completed a growth financing round of Rs 78.26 crore, boosting its post-raise valuation to Rs 403.26 crore and enabling expansion of its technology and services. Ritco Logistics also reported strong performance across its transportation verticals, with contract wins in FMCG, steel, automotive, cement, paper & packaging, alongside increased adoption of TrucksUp's FASTag, vehicle financing, smart fuel, GPS, and subscription services.