Refex Industries Secures INR 29.82 Crore Pond Ash Transport Order
Filing Summary
Refex Industries Limited has secured an order valued at approximately INR 29.82 Crore for the transportation of pond ash. The order is for the NHAI Road Project and has been awarded by a domestic entity based in Maharashtra. The contract specifies a completion timeline of five months. There is no involvement of the promoter group in the awarding entity, and the transaction does not qualify as a related party transaction. 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, valued at approximately INR 29.82 Crore. The order pertains to the NHAI Road Project and has been awarded by an entity based in Maharashtra. The contract is domestic in nature and is set to be executed within a period of five months.
The scope of the contract includes the transportation of ash, which forms a critical component of the project requirements. The terms and conditions of the order are aligned with the standard practices for such contracts, focusing on the supply and services necessary for the project’s completion.
According to the filing, there is no interest from the promoter or promoter group in the entity that awarded the contract. Additionally, this transaction does not fall under related party transactions, ensuring compliance with regulatory standards.
The disclosure of this order was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as well as the SEBI Master Circular dated November 11, 2024. This regulatory compliance ensures transparency and timely dissemination of material information to stakeholders.
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 and enhancing operational efficiencies to meet the growing demands of its industry sectors.