Refex Industries Secures INR 30 Crore Pond Ash Transport Contract
Filing Summary
Refex Industries Limited has secured a contract valued at approximately INR 30 Crore for the transportation of pond ash. The order was awarded by a major public sector power producer for delivery to National Highways Authority of India (NHAI) road projects. The contract is domestic in nature and is expected to be executed within five months. There is no involvement of related party transactions in this contract. Refex Industries continues to expand its operations in the transportation sector, focusing on infrastructure projects.
Refex Industries Limited has announced the procurement of a significant contract for the transportation of pond ash. The order, valued at approximately INR 30 Crore, was awarded by a major public sector power producer. The transportation is designated for National Highways Authority of India (NHAI) road projects.
The contract involves the domestic transportation of pond ash, with a stipulated execution period of five months. The scope of the contract includes the supply and services necessary for the transportation to the specified NHAI road projects. This order does not involve any related party transactions, and there is no interest from the promoter or promoter group in the entity awarding the contract.
The details of the contract were disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, in conjunction with the SEBI Master Circular. The company has requested that this information be recorded and disseminated on relevant platforms.
Refex Industries Limited is actively engaged in expanding its operations within the transportation sector, particularly focusing on infrastructure-related projects. The company continues to leverage its capabilities to secure contracts that align with its strategic business objectives.