Disclosure under regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015- Bagging of order for supply of Bulk Industrial Commodity
REFEX · price
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Refex Industries Limited has secured an order for the supply of Bulk Industrial Commodity from a leading Navratna PSU in the steel sector. The order is valued at approximately INR 36.50 crore and is to be executed within ~40 days. This is a domestic supply contract, awarded by a government-owned entity, with no related party involvement. The company disclosed this under SEBI's Regulation 30 framework as per the prescribed annexure format.
The order adds to the company's order book and signals continued business traction with a government PSU, which could be positive for near-term revenue visibility. The ~40-day execution timeline suggests a relatively quick turnaround for revenue recognition.