Refex Industries Limited (RIL) has announced the procurement of a significant order valued at INR 21.15 Crore. The contract involves the transportation of ash to construction sites for road projects undertaken by NHAI and other Central or State Government road construction departments. This domestic order, to be executed over 12 months, highlights RIL’s growing presence in the infrastructure support services sector.
Major Order Secured by Refex Industries
Refex Industries Limited (“RIL”) is pleased to announce that it has bagged a new order for the transportation of ash to construction sites. This contract is for vital road projects being executed by the National Highways Authority of India (NHAI) and other Central or State Government road construction departments, including those under the Pradhan Mantri Gram Sadak Yojana (PMGSY). The total consideration for this significant order is valued at INR 21.15 Crore.
Contract Details and Execution
The order is from a Major Power Producer, identified as a Maharatna Central Public Sector Enterprise (CPSE). The scope of supply and services specifically includes the transportation of ash for road construction projects initiated by NHAI and other government authorities. This is a domestic contract, indicating a strong foothold within the Indian infrastructure sector. The order is expected to be executed within a timeframe of 12 Months.
No Promoter Interest Involved
In line with regulatory requirements, it has been confirmed that neither the promoter, promoter group, nor any group companies of Refex Industries Limited have any interest in the entity that awarded this contract. Furthermore, the order does not fall within the purview of related party transactions, ensuring that all dealings are conducted at an arm’s length basis.
Source: BSE
