Bagging of Order for Logistics and material handling services in the infrastructure and mining sector.
REFEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Refex Industries Limited has secured a logistics and material handling services order from a leading Miniratna Company in the infrastructure and mining sector. The order is domestic, valued at approximately INR 20.27 crore (inclusive of GST), and is to be executed over a span of ~6 months. The company confirmed there is no related party transaction and no promoter/promoter group interest in the awarding entity. This is a fresh contract win under the company's service offerings in the logistics and material handling space.
Winning a ~INR 20.27 crore contract from a Miniratna PSU is a moderately positive development, indicating successful diversification into logistics and material handling services. The execution timeline of 6 months suggests steady revenue visibility in the near term, which could support near-term financials.