Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Bagging of order by Refex Industries Limited for transportation of pond ash to NHAI PWD Road Construction Sites
REFEX · price
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Refex Industries Limited has secured an order valued at approximately INR 32.45 crore (including GST) for transportation of pond ash to NHAI and PWD road construction sites. The order has been awarded by a Maharatna Company (PSU), making it a domestic government contract. The contract duration is 1 year, extendable by up to 6 months. The order is not a related party transaction, and neither the promoter nor promoter group has any interest in the awarding entity. Pond ash transportation is linked to infrastructure and road construction projects under government schemes.
This order is significant as it comes from a government PSU and represents a meaningful revenue opportunity. Given the INR 32.45 crore value, it likely constitutes more than 5% of the company's annual revenue, providing near-term revenue visibility and supporting business growth in the transportation/logistics segment.