Refex Industries Secures INR 27.50 Crore Order for NHAI Projects
Filing Summary
Refex Industries Limited has secured an order valued at approximately INR 27.50 Crore for the transportation of pond ash to National Highways Authority of India (NHAI) road projects. The order was awarded by a major power producer, a public sector undertaking. The contract is domestic in nature and is expected to be executed within four months. There is no involvement of related party transactions, and the promoter group has no interest in the awarding entity. This development was disclosed under Regulation 30 of the SEBI Listing Regulations.
Refex Industries Limited has announced the procurement of an order for the transportation of pond ash to National Highways Authority of India (NHAI) road projects. The order, valued at approximately INR 27.50 Crore, was awarded by a major power producer, which is a public sector undertaking. This information was disclosed under Regulation 30 of the SEBI Listing Regulations, 2015.
The scope of the order involves the transportation of pond ash, a byproduct of coal combustion in power plants, to be utilized in NHAI road projects. The contract is domestic, and the execution period is set at four months from the date of the order. The terms and conditions of the contract primarily focus on the supply and services related to the transportation of the material.
Refex Industries has confirmed that there are no related party transactions involved in this order. Furthermore, the promoter or promoter group of Refex Industries does not have any interest in the entity that awarded the contract. This ensures that the transaction is conducted at arm’s length, adhering to regulatory requirements.
The awarding entity, a major power producer, is a public sector undertaking involved in the generation and distribution of electricity. The entity focuses on leveraging byproducts like pond ash for infrastructure projects, aligning with environmental and sustainability goals.
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 service offerings in the energy and infrastructure sectors, aiming to enhance operational efficiency and environmental sustainability in its projects.