Refex Industries Bags Rate Contract for Ash Transportation for Major Road Projects
Refex Industries Limited has secured a slab-wise rate contract for ash transportation in connection with road construction projects overseen by NHAI and various Central or State Government Road construction departments, as well as PMGSY Road Project. The contract was awarded by a Maharatna Company (Central Public Sector Enterprise).The agreement, valued at approximately INR 40.83 Crore including GST, involves the transportation of ash from an ash dyke to designated chainages of various government-approved construction sites. These sites include road projects and flyover embankments.
The scope of work entails excavation and loading of pond ash using mechanical means. The transportation must be carried out in closed or covered vehicles, ensuring proper control over spillage and fugitive ash dust.
Refex Industries Limited confirmed that the contract is domestic in nature. The company stated that it has no interest in the entity awarding the order, and the transaction does not fall under related party transactions.
Key details of the contracted work are summarized below:
| Feature | Details |
|---|---|
| Awarding Entity | Major Power Producer (A Maharatna Company) |
| Nature of Contract | Ash Transportation to road projects for NHAI and government road construction departments / PMGSY Road Project |
| Contract Value | Approximately INR 40.83 Crore (including GST) |
| Duration | 12 months |
| Scope | Excavation and mechanical transportation of pond ash from the ash dyke to designated construction sites |
REFEX Stock Price Movement
As of 1:21 PM, shares of Refex Industries Limited continue their upward trajectory in live trading, currently priced at ₹298.00 after rallying by 1.57%, or ₹4.60. The stock maintains strong intraday interest, with a total traded volume reaching 289,297 shares so far into the market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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