Refex Industries Limited has announced the bagging of two new contracts for the loading, transportation, and excavation of fly ash. The aggregate value of these contracts is ₹33.70 crore. One contract, valued at approximately ₹32.78 crore, is for loading and transportation, while the second, worth about ₹0.91 crore, is for fly ash excavation. Both contracts are with an entity based in Telangana and are to be executed within 120 days.
Refex Industries Secures Significant Fly Ash Contracts
Refex Industries Limited (RIL) has been awarded two substantial contracts focused on the management of fly ash. The combined value of these new business wins amounts to ₹33.70 crore, marking a positive development for the company’s order book and future revenue projections. These contracts underscore RIL’s expanding role in handling industrial by-products.
Contract Details and Value
The first contract, for the Loading & Transportation of Fly Ash, has an estimated value of approximately ₹32.78 crore (including GST). This order is with an entity based in Telangana and is slated for execution within a period of 120 Days. The second contract pertains to the Excavation of Fly Ash and is valued at approximately ₹0.91 crore (including GST). This also involves an entity based in Telangana and shares the same execution timeline of 120 days.
Both contracts were awarded on an ‘arm’s length’ basis and do not involve any interest from Refex Industries’ promoters or promoter group companies in the awarding entity. These new agreements are expected to contribute positively to Refex Industries’ operational performance in the coming financial periods.
Source: BSE
