Ritco Logistics Ltd has secured a ₹334 crore contract from HPCL Rajasthan Refinery Ltd (HRRL) for the pan-India transportation and distribution of polymer granules from the refinery at Pachpadra, Rajasthan. The contract will run for three years, providing Ritco with a significant addition to its long-term business pipeline.
The agreement strengthens Ritco’s presence in the petrochemical logistics sector, where the company handles transportation requirements for polymer and other industrial products. Under the contract, polymer granules produced at HRRL’s Pachpadra facility will be transported to destinations across India.
Technology-led logistics operations
Ritco plans to deploy its technology-enabled logistics infrastructure to manage the nationwide distribution network. The company will use AI-driven route optimisation, automated fleet management and real-time shipment visibility to improve efficiency and provide greater supply-chain transparency.
The scale and geographic spread of the contract will require coordinated fleet deployment, route planning and shipment monitoring across multiple regions. Ritco said its technology capabilities will help deliver the reliability and operational precision required for specialised polymer transportation.
Expands petrochemical logistics footprint
The HRRL contract represents a major expansion of Ritco’s business in the energy and petrochemical segment. The company has been increasing its exposure to large industrial customers and long-term transportation assignments, with polymer logistics emerging as an important growth area.
The company also secured additional transportation and warehousing contracts around the same period, taking its total new business wins to nearly ₹342 crore. These included transportation work from Mangalore Refinery & Petrochemicals Ltd and a warehousing contract from ONGC Petro additions Ltd in Gujarat.
Boost to revenue visibility
The three-year HRRL mandate gives Ritco greater revenue visibility while supporting its strategy of building longer-term relationships with major industrial and public-sector customers. The contract is also expected to increase the scale of its technology-enabled logistics operations.
Ritco operates a nationwide logistics network covering transportation, warehousing and integrated supply-chain services. The company has been using its digital subsidiary TrucksUp and technology platforms to improve fleet utilisation, tracking and logistics services.
For the Indian petrochemical supply chain, the contract highlights the growing requirement for specialised, reliable and technology-driven distribution networks as domestic polymer production and consumption expand.
The HRRL award therefore marks an important milestone for Ritco, strengthening its position in bulk and petrochemical logistics while giving the company a sizeable multi-year contract to support future business growth.