Refex Industries Secures INR 33 Crore Pond Ash Transport Order

Refex Industries Limited has announced the procurement of an order for the transportation of pond ash to road projects managed by the National Highways Authority of India (NHAI). The order, valued at approximately INR 33 Crore, was awarded by a major power producer, classified as a public sector undertaking. The contract is domestic and is scheduled for completion within a period of five months.

The scope of the contract involves the transportation of pond ash, a byproduct of coal combustion in power plants, to be utilized in NHAI road projects. This initiative aligns with the ongoing efforts to utilize industrial byproducts in infrastructure development, thereby contributing to sustainable construction practices.

The order does not involve any related party transactions, and there is no interest from the promoter or promoter group of Refex Industries in the entity awarding the contract. This transaction is conducted at arm’s length, ensuring compliance with regulatory standards.

The awarding entity, a major power producer, is a public sector undertaking engaged in the generation and distribution of electricity. The entity plays a significant role in the energy sector, focusing on sustainable and efficient power generation methods.

Refex Industries Limited is engaged in the business of providing services related to refrigerant gases, coal trading, and ash management. The company focuses on expanding its operational capabilities in the transportation and logistics sector, particularly in handling industrial byproducts. This order reinforces Refex Industries’ strategic initiatives to enhance its service offerings and operational footprint in the infrastructure domain.