Disclosure under Regulation 30 of SEBI (LODR) Regulations 2015 - Bagging of Order for Transportation of Pond Ash to NHAI Road Projects
REFEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250 and 3.6 pts less than its Waste Management peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Refex Industries Limited has secured an order worth approximately INR 43.74 Crore for the excavation, loading, transportation, and unloading of pond ash to NHAI road projects. The order has been awarded by a large domestic business conglomerate and is to be executed over a period of 4 months. The company has clarified that the order is not a related party transaction and the promoter group has no interest in the awarding entity. This adds to Refex's order book in the ash handling and logistics segment.
This is a positive near-term development as it strengthens the company's order pipeline in its core ash-handling business. However, given the short 4-month execution window, the impact on long-term revenue visibility is limited unless follow-on orders are secured.