Refex Industries bags ₹20.94 Crore Ash Transportation order for road projects
Refex Industries Limited has received an order for Ash Transportation services for NHAI and other government road projects. The domestic order is valued at approximately ₹20.94 Crore and is to be executed within 12 months.
The order value of ₹20.94 Crore is material for the company and is expected to contribute to revenue.
The company has secured a new order, which is positive for business growth.
Refex Industries Limited (RIL) has secured a significant order for Ash Transportation services to be utilized at the construction sites of road projects. These projects are associated with the National Highways Authority of India (NHAI) and other Central or State Government road construction departments, including PMGSY Road Projects.
The order has been awarded by a domestic entity based in Maharashtra and encompasses the scope of supply and services for Ash Transportation. The contract is to be executed within a period of 12 months.
The broad consideration for this order is approximately ₹20.94 Crore. RIL has confirmed that neither the promoter, promoter group, nor any group companies have any interest in the entity that awarded this contract, and it does not fall under 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.