Refex Industries Limited has announced it has secured a slab-wise rate contract for the transportation of ash, valued at approximately ₹40.42 crore, inclusive of GST. This domestic contract is set to be executed over a period of 12 months, marking a new business win for the company in the logistics and transportation sector.
Refex Industries Secures Key Transportation Contract
Refex Industries Limited (“RIL”) has successfully bagged a significant slab-wise rate contract for the transportation of ash. This award represents a new business development for the company, expanding its service offerings in the logistics sector. The contract is with a domestic entity based in Maharashtra.
Contract Details and Value
The newly secured contract has an estimated value of ₹40.42 Crore, including Goods and Services Tax (GST). The agreement is structured as a rate contract, indicating ongoing service provision. The execution period for this contract is stipulated to be 12 months from its commencement. The company confirmed that neither its promoter, promoter group, nor any group companies have any interest in the entity that awarded this contract, and it does not fall within related party transactions.
Source: BSE
