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 a domestic order for transportation of pond ash to NHAI PWD road construction sites. The order value is approximately INR 32.12 Crore (including GST) and has a tenure of 1 year, extendable by up to 6 months. The order is awarded by a Maharashtra-based domestic entity and is not a related party transaction. No promoter or promoter group has any interest in the entity awarding the contract. The order is for transportation services, which aligns with the company's business operations.
The order provides revenue visibility for approximately 18 months and adds to the company's order book. The INR 32.12 Crore contract is a medium-sized win that could positively impact near-term earnings if executed as planned.