Refex Industries Bags ₹49.22 Crore Material Handling Order for 3 Years
Refex Industries Limited secured a 3-year contract for material handling and transit operations of bulk commodity material. The domestic order is valued at ₹49.22 Crore. Promoter and group companies have no interest in the awarding entity.
The order value of ₹49.22 Crore over 3 years is substantial and is expected to contribute to the company's revenue, impacting its financial performance.
The company has secured a significant new order, which is a positive development for its business.
Refex Industries Limited (RIL) has announced the procurement of an order for material handling and transit operations for bulk commodity material. The contract, awarded by a domestic Mini Ratna Company, is for a duration of 3 years.
The total value of this order is ₹49.22 Crore. The scope of the contract involves material handling and transit operations for bulk commodity material. RIL confirmed that neither the promoter nor any group companies have any interest in the entity that awarded the order, and it does not fall under related party transactions.
This 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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See the model portfoliosA plain-language summary of a public exchange filing by Refex Industries Limited. Read the original for the full detail.