Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Bagging of Order Transportation of Pond ash to NHAI Road Projects
REFEX · price
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Refex Industries has won an order for transportation of pond ash to National Highway Authority of India (NHAI) road projects. This order expands the company's ash handling and logistics business into government road infrastructure work. The company has made this disclosure under SEBI's Regulation 30, indicating the order is considered material. Specific order value and project details were not provided in the headline, but it strengthens Refex's position in fly ash/pond ash utilisation, which is a growing segment as NHAI promotes ash use in road construction.
Positive sentiment for shareholders as it adds a government-backed revenue stream in the ash transportation segment and aligns with NHAI's push to use pond ash in highway projects. Lack of disclosed order value means the immediate stock impact may be limited until further details emerge.