Refex Industries Bags ₹36.91 Crore Ash Transportation Order
Refex Industries Limited has secured an order for excavation, loading, and transportation of pond ash. The contract is with a domestic Major Power Producer Company and is valued at approximately ₹36.91 Crore. The execution period for this order is two years.
The order value of ₹36.91 Crore is significant for the company and is to be executed over two years, indicating a material positive impact on its business.
The company has secured a new order, which is generally positive for business growth and revenue.
Refex Industries Limited (RIL) has announced the procurement of a significant order for the excavation, loading, and transportation of pond ash. This contract is with a Major Power Producer Company, a domestic entity.
The scope of work involves providing services for excavation, loading, and transportation of pond ash to various Open Cast Mines, Stone Quarries, and NHAI project sites. The order is valued at approximately ₹36.91 Crore and is to be executed over a period of two years.
This order does not involve any interest from promoters, promoter groups, or group companies in the awarding entity, nor does it fall under related party transactions. The disclosure is made in compliance with Regulation 30 of the SEBI Listing Regulations read with the SEBI Master Circular.
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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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