Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015- Bagging of Order for excavation, loading and transportation of pond ash to open ....
REFEX · price
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Refex Industries Ltd has secured a two-year contract for excavation, loading and transportation of pond ash to Open Cast Mines, Stone Quarries, and NHAI project sites. The order is awarded by a major domestic power producer company. The contract size is approximately INR 36.91 crore. This is a new business win for the company in the logistics and transportation segment, specifically related to fly ash management from power plants. The order does not involve any related party transaction and no promoter group interest exists in the awarding entity.
This is a positive development as the INR 36.91 crore order represents a meaningful contract win for Refex Industries. Given the size relative to the company's likely revenue base, it could contribute meaningfully to upcoming financials over the 2-year execution period.