Refex Industries bags ₹160 Crore contract for Pond Ash & Fly Ash lifting
Refex Industries Limited has been awarded a contract worth approximately ₹160 crores for the lifting of 10 MT of Pond Ash and Fly Ash. The contract is with a domestic Public Sector Undertaking and has an execution period of 18 months.
The contract value of ₹160 crores is substantial and is expected to positively impact the company's revenue and operations, but it does not represent a fundamental shift in the business model or a massive financial windfall.
The company has announced bagging a significant contract, which is a positive development for its business.
Refex Industries Limited (RIL) has secured a significant contract valued at approximately ₹160 crores. This contract involves the lifting of 10 MT of Pond Ash and Fly Ash, to be executed under the RCR (Road-cum-Rail) Mode.
The contract has been awarded by a Public Sector Undertaking in Madhya Pradesh. The scope of supply and services includes the lifting of Pond Ash and Fly Ash, with a provision for extension based on mutual consent. The agreement is with a domestic entity and is expected to be executed within 18 months, also extendable by mutual agreement.
Refex Industries has confirmed that neither the promoter, promoter group, nor any group companies have any interest in the entity that awarded this contract. Furthermore, the contract does not fall within the scope of related party transactions.
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Refex Industries Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Refex Industries Limited. Read the original for the full detail.