Refex Industries Limited has announced it has procured a rate contract for Ash Transportation to Road Construction Sites. The contract is valued at INR 22.75 Crore and has a duration of approximately 12 months. This development signifies an expansion in the company’s service offerings and provides a clear revenue stream for the upcoming fiscal year.
Refex Industries Secures Ash Transportation Contract
Refex Industries Limited has been awarded a significant rate contract for providing Ash Transportation services to various road construction sites. This new business endeavor is expected to contribute positively to the company’s revenue streams over the stipulated period.
Contract Details and Value
The rate contract, secured from a Major Power Producer (A Maharatna CPSE), is for the scope of supply and services related to the transportation of ash. The estimated broad consideration for this contract is INR 22.75 Crore. The duration for the execution of this order is approximately 12 months from the date of award, indicating a stable revenue source for the company.
No Promoter Interest
It is noteworthy that there is no interest from the promoter/promoter group or group companies in the entity that awarded this contract. Furthermore, the contract does not fall within the scope of related party transactions, ensuring a clear and arms-length business engagement.
Source: BSE
