Ritco Logistics Ltd Bags Orders from NTPC and Jindal Steel & Power
In a significant development, Ritco Logistics Ltd, a leading logistics company, has bagged two new orders worth ₹121 crore from NTPC Ltd and Jindal Steel & Power Ltd. This latest win underscores Ritco’s market leadership and expertise in bulk material handling, as well as its commitment to environmental sustainability.
The first order worth ₹85 crore is from Jindal Steel & Power Ltd, India’s leading steel producer. Under this contract, Ritco will be responsible for transporting steel products across the country, emphasizing its capabilities in nationwide logistics solutions. This deal not only highlights Ritco’s expertise in handling bulk materials but also its ability to manage complex supply chain operations.
The second order worth ₹36 crore is from NTPC Ltd, one of India’s largest power generation companies. Ritco has secured a multi-year contract to transport fly ash from NTPC’s power plants in Jharkhand to various destinations. This contract not only demonstrates Ritco’s expertise in bulk material handling but also its commitment to environmental sustainability. Fly ash, a byproduct of coal combustion, is a major contributor to greenhouse gas emissions. By transporting it efficiently and responsibly, Ritco is playing a vital role in reducing the environmental impact of the power generation sector.
Ritco Logistics Ltd has been a pioneer in the logistics industry, offering a range of services including transportation, warehousing, and supply chain management. The company has a strong presence across India, with a network of offices, warehouses, and transportation hubs. Its extensive experience in handling bulk materials, including coal, iron ore, and steel products, has earned it a reputation as a reliable and efficient logistics partner.
The recent orders from NTPC and Jindal Steel & Power Ltd are a testament to Ritco’s capabilities and expertise in the logistics sector. The company’s ability to manage complex supply chain operations, handle bulk materials, and commit to environmental sustainability makes it an attractive partner for leading companies in various industries.
In a statement, the company said, “We are thrilled to have secured these two significant orders from NTPC and Jindal Steel & Power Ltd. These deals not only demonstrate our expertise in bulk material handling but also our commitment to environmental sustainability. We are committed to providing our clients with reliable and efficient logistics solutions that meet their needs and expectations.”
The orders from NTPC and Jindal Steel & Power Ltd are a significant boost to Ritco’s business, underscoring its market leadership and capabilities in the logistics sector. As the company continues to grow and expand its operations, it is well-positioned to capitalize on the growing demand for logistics services in India.
In conclusion, Ritco Logistics Ltd’s recent orders from NTPC and Jindal Steel & Power Ltd are a significant development in the logistics sector. The company’s expertise in bulk material handling, commitment to environmental sustainability, and ability to manage complex supply chain operations make it an attractive partner for leading companies in various industries. As Ritco continues to grow and expand its operations, it is well-positioned to capitalize on the growing demand for logistics services in India.
