Refex Industries Limited (RIL) has successfully secured a substantial Slab-wise Rate Contract valued at approximately ₹27.475 Crore. This contract is for the transportation of ash to construction sites for road projects undertaken by NHAI and other Central or State Government departments, including PMGSY projects. The contract is for a duration of 12 months and will be fulfilled with a Maharatna Company.
Refex Industries Secures Major Ash Transportation Contract
Refex Industries Limited (RIL), a prominent player in the infrastructure support services sector, announced today that it has been awarded a significant Slab-wise Rate Contract. The contract is for the crucial service of Ash Transportation to various construction sites involved in road projects. This includes projects commissioned by the National Highways Authority of India (NHAI) and other Central or State Government Road construction departments, as well as projects under the Pradhan Mantri Gram Sadak Yojana (PMGSY).
Contract Details and Value
The contract has been awarded by a Maharatna Company, underscoring the scale and importance of the partnership. The total consideration or size of the contract is approximately INR 27.475 Crore, inclusive of all applicable taxes (GST). The duration for the execution of this contract is set at 12 months from the award date.
Scope of Services
The scope of services under this rate contract involves the excavation and loading of pond ash from ash dykes. This ash will be transported via mechanical means using closed/covered vehicles, ensuring minimal spillage and fugitive ash. The ash will then be unloaded at designated chainages for road projects, flyover embankments, and other government-approved construction sites. This efficient transportation is vital for the ongoing infrastructure development initiatives.
Company’s Commitment and Outlook
Refex Industries Limited expressed its commitment to delivering these services with efficiency and adherence to quality standards. This new contract is expected to contribute positively to the company’s revenue and order book for the upcoming fiscal year, reinforcing its position in the infrastructure services market.
Source: BSE
