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Eneco Energy Secures New Logistics Contracts with Green Initiatives

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Eneco Energy Secures New Logistics Contracts with Green Initiatives

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Eneco Energy ( (SG:R14) ) has provided an update.

Eneco Energy’s logistics division, Richland Logistics Services, has secured five new logistics contracts valued at approximately S$4.05 million annually, with service durations ranging from two to three years starting in 2025. These contracts, including a ‘Green Distribution Model’ with electric vehicle deployment, highlight the company’s commitment to sustainable logistics and operational excellence, reinforcing its reputation as a trusted partner in the industry.

More about Eneco Energy

Eneco Energy Limited is an investment holding company with a focus on building a diversified portfolio of profitable, cashflow-generative businesses. Its core business is in the logistics sector in Singapore, operating under RichLand Logistics Services, which has been established since 1992 and serves a diversified group of blue-chip customers.

YTD Price Performance: -9.09%

Average Trading Volume: 3,211,820

Technical Sentiment Signal: Buy

Current Market Cap: S$20.85M

Find detailed analytics on R14 stock on TipRanks’ Stock Analysis page.

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