Refex Industries Limited has been awarded a ‘Slab-wise Rate Contract’ for ash transportation services to road construction projects. The cumulative maximum award value for this contract stands at Rs. 31,44,50,000 (inclusive of GST). This significant order is from a Maharatna Public Sector Undertaking under the Ministry of Power and is valid for one year, extendable by six months.
Major Contract Win for Ash Transportation
Refex Industries Limited (‘RIL’) has announced the bagging of a significant order, a ‘Slab-wise Rate Contract’ for Ash Transportation. This contract will serve road construction projects undertaken by NHAI and other Central or State Government Road construction departments, including PMGSY Road Projects. The award comes from a prominent Maharatna Public Sector Undertaking operating under the Ministry of Power.
Contract Details and Value
The scope of the contract includes the supply and services related to the transportation of ash to construction sites. The terms are stipulated as a ‘Slab-wise Rate Contract’, indicating a structured payment mechanism based on delivery volumes. The contract is designated as ‘domestic’ and is expected to be executed within the domestic sector. The cumulative maximum award value for this contract is substantial, pegged at Rs. 31,44,50,000, with Goods and Services Tax (GST) included.
Contract Duration and Extension
The Slab-wise Rate Contract is set to be valid for an initial period of one (1) year. Furthermore, there is a provision for an extension, with the contract being extendable by a further period of six (6) months, subject to mutual agreement and performance. Refex Industries has confirmed that there is no interest from its promoter, promoter group, or group companies in the entity that awarded this contract, and it does not fall within related party transactions.
Source: BSE
