Refex Industries Limited has announced a new business win, securing a contract from a leading Miniratna company. The agreement entails providing specialized logistics and material handling services tailored for the infrastructure and mining sectors. The project, valued at approximately INR 20.27 crore (inclusive of GST), is expected to be executed within a period of 6 months. This contract win marks a significant step in strengthening the company’s service footprint within these core industries.
Strategic Business Expansion
Refex Industries Limited has officially procured a new order from a prominent Miniratna entity. This engagement involves the provision of logistics and material handling services, which are critical to the operational efficiency of the infrastructure and mining sectors. The deal, announced on May 20, 2026, highlights the company’s capability to cater to large-scale industrial requirements and enhances its service portfolio.
Project Details and Financials
The contract is valued at INR 20.27 crore, a figure that includes all applicable Goods and Services Tax (GST). The project is strictly domestic in nature, with no related party interests involved, ensuring the transaction remains at arm’s length. With a focused execution timeline of ~6 months, this project is set to contribute positively to the company’s operational activities in the near term.
Source: BSE
