Refex Industries Secures INR 35 Crore Pond Ash Transport Order

Refex Industries Limited has announced the procurement of an order for the excavation, loading, and transportation of pond ash to National Highways Authority of India (NHAI) road projects. The order, valued at approximately INR 34.61 Crore, was awarded by a domestic entity based in Maharashtra. The execution period for this order is set at four months.

The scope of the order includes the excavation, loading, and transportation of pond ash, which is to be utilized in NHAI road projects. This order is classified as a domestic contract, with no international involvement. The terms and conditions of the contract focus on the supply and services related to the transportation of pond ash.

Refex Industries has confirmed that there is no interest from the promoter or promoter group in the entity awarding the contract. Furthermore, this transaction does not fall under related party transactions, ensuring that it is conducted at arm’s length.

The entity awarding the contract is based in Maharashtra, and the order is part of the broader infrastructure development initiatives undertaken by the NHAI. The use of pond ash in road construction is a part of sustainable practices aimed at utilizing industrial by-products in infrastructure projects.

Refex Industries Limited is engaged in providing logistics and transportation services, with a focus on sustainable and efficient solutions. The company is involved in various sectors, including refrigerant gases and power trading, and continues to expand its operations in the logistics domain.