Refex Industries Limited has announced a new business win, securing a contract for the transportation of pond ash to NHAI PWD road construction sites. The order, valued at approximately INR 32.45 crore, inclusive of GST, has been awarded by a Maharatna PSU. The project is set for a duration of one year, with an option to extend the engagement for an additional six months, further strengthening the company’s operational footprint.
Contract Overview
Refex Industries Limited has successfully bagged a significant contract focused on the logistics and transportation of pond ash. The project, awarded by a Maharatna Public Sector Undertaking (PSU), is directly linked to the infrastructure development of NHAI PWD road construction sites. This win underscores the company’s ongoing efforts to scale its service operations in the industrial and infrastructure support sector.
Key Project Details
The contract is valued at approximately INR 32.45 crore, a figure that includes all applicable GST. This project adds substantial value to the company’s current order pipeline. The execution of the order is scheduled to take place over a 12-month period, with provisions already in place to extend the service agreement by another 6 months depending on project requirements.
Strategic Significance
By securing this contract with a Maharatna entity, Refex Industries Limited continues to solidify its presence in the domestic infrastructure supply chain. The project involves critical material movement required for major national road construction initiatives, ensuring consistent operational activity and revenue generation for the company throughout the 2026-2027 fiscal period.
Source: BSE
