Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Bagging of Order for Logistics and material handling services in the infrastructure ....
REFEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Refex Industries Limited has secured an order worth approximately INR 20.27 crore (inclusive of GST) from a leading Miniratna Company. The order is for providing logistics and material handling services in the infrastructure and mining sector. The contract duration is approximately 6 months. The order is from a domestic entity and is not a related party transaction, with no promoter or group company interest involved. This appears to be a new service contract expanding Refex's operations into logistics and material handling for the mining and infrastructure sector.
This is a positive development as the company secures a significant contract worth INR 20.27 crore. However, without revenue data for comparison, it is difficult to assess the full impact on the company's financials. Shareholders may view this favorably as it demonstrates the company's ability to win contracts in the infrastructure and mining space.