Refex Industries bags ₹27.47 Crore rate contract for Ash Transportation
Refex Industries Limited has secured a 12-month rate contract for Ash Transportation to NHAI and other government road projects. The contract is valued at approximately ₹27.47 Crore (including GST) and is awarded by a Maharatna Public Sector Undertaking.
The order value of ₹27.47 Crore is significant and is expected to contribute positively to the company's revenue over the next 12 months.
The company has secured a new order, which is positive for its business growth and revenue.
Refex Industries Limited (RIL) has secured a slab-wise rate contract for Ash Transportation services. The contract is awarded by a Maharatna Company, a Central Public Sector Enterprise, for road projects of NHAI and other Central or State Government Road construction departments, including PMGSY Road Projects.
The scope of the contract includes excavation and loading of pond ash from an ash dyke, transportation using mechanical means in closed/covered vehicles with spillage and fugitive-ash controls, and unloading at designated chainages of road projects, flyover embankments, and other government-approved construction sites.
The contract is awarded by a domestic entity and is to be executed within a period of 12 months. The broad consideration for this order is approximately ₹27.47 Crore, including GST. Neither the promoter nor group companies have any interest in the entity awarding the contract, and the contract 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.