Refex Industries Limited has announced a significant contract win, valued at approximately ₹160 crores. The contract involves the lifting of 10 metric tons of Pond Ash and Fly Ash via the RCR (Road-cum-Rail) mode. This substantial order is a positive development for the company, contributing to its revenue and reinforcing its operational capacity in the sector. The details of the contract have been disclosed as per SEBI Listing Regulations.
Refex Industries Secures Major Contract
Refex Industries Limited (“RIL”) has announced it has bagged a new contract aggregating to an estimated value of ₹160 crores. This significant business development involves the lifting of 10 metric tons of Pond Ash and Fly Ash.
Contract Details and Scope
The contract specifies the lifting of the materials through the RCR (Road-cum-Rail) mode. The terms of the agreement indicate a broad consideration or size of the order at approximately INR 160 crores. The nature of the order is classified as a contract for lifting of Pond Ash and Fly Ash. The order has been awarded by a domestic entity, identified as a Public Sector Undertaking in Madhya Pradesh.
Project Timeline and Execution
The agreement is for a period of 18 months, with the possibility of extension based on mutual consent. The scope of supply and services clearly defines the lifting of 10 MT of Pond Ash and Fly Ash, with provisions for extendability. Refex Industries confirmed that there are no interests from promoters, promoter groups, or group companies in the entity that awarded the order, and the transaction does not fall within related party transactions.
Source: BSE
