Refex Industries Secures Rate Contract for Ash Transportation Worth ₹22.75 Crore
Refex Industries Limited secured a Rate Contract for Ash Transportation to Road Construction Sites from a Major Power Producer. The domestic order is valued at approximately ₹22.75 Crore and has an execution period of about 12 months.
The order value of ₹22.75 Crore is substantial and is expected to contribute to the company's revenue over the next 12 months, indicating a medium-term impact.
The company has secured a new order, which is generally a positive development for business growth and revenue.
Refex Industries Limited (RIL) has announced the procurement of a significant order for a Rate Contract pertaining to Ash Transportation to Road Construction Sites. The contract has been awarded by a Major Power Producer, identified as a Maharatna CPSE.
The scope of the contract involves Ash Transportation services to Road Construction Sites, and it is a domestic order. The execution period for this contract is approximately 12 months.
The broad consideration for this order is approximately ₹22.75 Crore. RIL has confirmed that neither the promoter, promoter group, nor group companies have any interest in the entity that awarded the contract, and the contract does not fall within 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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