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Ritco Logistics Secures Landmark Contract Worth INR 120 Crores with Haldia Petrochemicals Ltd.
Dr.G.R.Balakrishnan Nov 20 2024 Logistics News (Roadways & Railways)

Ritco Logistics Secures Landmark Contract Worth INR 120 Crores with Haldia Petrochemicals Ltd.

In a strategic leap aligned with its expertise in petrochemical logistics, Ritco Logistics Ltd. has secured a prestigious contract valued at over INR 120 Crores from Haldia Petrochemicals Ltd. This contract, covering the transportation of HPL’s finished goods across India by road, showcases Ritco's dedication to excellence and expansion in the logistics sector. Winning 11 out of the 16 clusters awarded marks a significant milestone in Ritco’s aggressive growth strategy.

“Our vision is to lead in every logistics segment we serve, and this strategic contract with Haldia Petrochemicals marks a significant milestone in realizing that ambition,” says Mr. Rajesh Mudaliar, Chief Business Officer of Ritco Logistics. “Partnering with a prominent player like Haldia Petrochemicals not only underscores our dedication to excellence in service but also reinforces our capability to meet the evolving needs of the petrochemical sector with reliable, innovative logistics solutions. This collaboration exemplifies our mission to set new standards of service quality across the industry."

Mr. Mudaliar further highlights Ritco's growth strategy, stating, “In addition to petrochemicals, we are committed to expanding our presence in high-potential, emerging sectors like solar energy and steel. These sectors represent significant growth opportunities, and we aim to leverage our expertise to drive impactful results. By diversifying our service portfolio and entering these critical industries, we reaffirm our dedication to being a versatile and forward-looking logistics partner. Ritco is continually focused on strengthening our footprint across all domains we operate in, setting benchmarks of excellence that resonate across the supply chain landscape.”

With an extensive network and specialized services, Ritco has established itself as a pioneer in the petrochemical logistics sector. Ritco proudly partners with top-tier producers across the country, including industry giants such as IOCL, Reliance, Hindustan Mittal, GAIL, ONGC, BCPL, and MRPL. This expansive collaboration empowers Ritco to efficiently deploy vehicles to and from every region, enhancing service quality and streamlining placements for maximum client satisfaction.

This statement underscores Ritco’s long-term vision to lead and innovate across diverse logistics sectors, paving the way for sustained growth and industry leadership.