Refex Industries Limited has announced the bagging of a significant slab-wise rate contract valued at approximately INR 40.83 Crore (including GST). The contract is for ash transportation services to construction sites of road projects for NHAI and other government bodies. This order, with a duration of 12 months, underscores Refex Industries’ expanding role in crucial infrastructure development projects.
Major Infrastructure Contract Secured
Refex Industries Limited has been awarded a substantial slab-wise rate contract, a key development expected to bolster its operational scale and revenue streams. The contract, valued at approximately INR 40.83 Crore (including GST), is for the critical service of Ash Transportation to various construction sites. These sites are designated for road projects undertaken by the National Highways Authority of India (NHAI) and other Central or State Government road construction departments, including those under the Pradhan Mantri Gram Sadak Yojana (PMGSY) initiative.
Contract Details and Duration
The comprehensive scope of this contract involves the excavation and loading of pond ash from ash dykes. Transportation will be executed using mechanical means in closed or covered vehicles, adhering to strict controls to prevent spillage and fugitive ash. The ash will be unloaded at designated chainages for road projects, flyover embankments, and other government-approved construction sites. This order is set to be executed over a period of 12 months, providing a significant boost to the company’s order book and operational activities.
Strategic Importance
This win marks a significant achievement for Refex Industries, highlighting its capability to secure large-scale projects within the infrastructure sector. The engagement with a Maharatna company as the awarding entity further validates Refex’s strong credentials and operational efficiency. The contract signifies a direct contribution to national infrastructure development, aligning with the company’s growth strategy.
Source: BSE
