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. These orders further solidify the company’s position as a market leader in the logistics industry, showcasing its expertise in bulk material handling and commitment to environmental sustainability.
Order from Jindal Steel & Power Ltd
The first order worth ₹85 crore is from Jindal Steel & Power Ltd, a prominent steel manufacturing company. Under this deal, Ritco Logistics will be responsible for transporting steel products across the country. This multi-destination movement will be handled by Ritco’s state-of-the-art fleet, ensuring timely and safe delivery of the products to Jindal Steel & Power’s customers. The deal highlights Ritco’s capabilities in managing complex logistics operations and its ability to cater to the needs of large-scale industries.
Order from NTPC Ltd
The second order worth ₹36 crore is from NTPC Ltd, India’s largest thermal power generation company. Under this multi-year contract, Ritco Logistics will be responsible for transporting fly ash from NTPC’s power plants in Jharkhand to various destinations. Fly ash is a byproduct of coal combustion and its proper disposal is crucial for environmental sustainability. Ritco’s expertise in bulk material handling and its commitment to environmental sustainability make it an ideal partner for NTPC. The deal underscores Ritco’s ability to handle large volumes of bulk materials and its focus on sustainable practices.
Ritco Logistics’ strengths
Ritco Logistics’ ability to secure these significant orders can be attributed to its strengths in several areas. The company has a robust network of operations, spanning across the country, with a strong presence in key regions. Its fleet of vehicles is equipped with the latest technology, ensuring efficient and safe transportation of goods. Ritco Logistics also has a team of experienced professionals who are well-versed in handling complex logistics operations.
Environmental sustainability
Ritco Logistics’ commitment to environmental sustainability is another key factor that sets it apart from its competitors. The company has made significant investments in green technologies and sustainable practices, reducing its carbon footprint and minimizing its impact on the environment. The deal with NTPC Ltd is a testament to Ritco’s commitment to environmental sustainability, as it will help in proper disposal of fly ash, a critical component of sustainable development.
Conclusion
Ritco Logistics Ltd’s bagging of two new orders worth ₹121 crore from NTPC Ltd and Jindal Steel & Power Ltd is a significant development in the logistics industry. The deals highlight the company’s strengths in bulk material handling, its commitment to environmental sustainability, and its ability to cater to the needs of large-scale industries. As the logistics industry continues to evolve, Ritco Logistics is well-positioned to remain a market leader, driven by its focus on customer satisfaction, sustainability, and innovation.
