Refex Industries Lands Order for Ash Transportation for National Road Projects
Refex Industries Limited has secured a significant order from a Maharatna Company for the transportation of ash to various road construction sites under central and state government projects.The company has been awarded this contract, which involves providing specialized ash transportation services for infrastructure development initiatives. These projects include those managed by NHAI (National Highways Authority of India) as well as other Central or State Government Road Construction Departments and PMGSY Road Projects.
Refex Industries Limited will execute the contracted work within a time period of 12 months, with the total consideration for the order estimated at approximately INR 21.15 Crore.
Key details regarding the contract have been established as follows:
| Parameter | Details |
|---|---|
| Entity Awarding Order | Major Power Producer (A Maharatna CPSE) |
| Scope of Work | Transportation of ash to construction sites of NHAI and other Central or State Government Road construction department / Authority / PMGSY Road Projects |
| Nature of Contract | Ash transportation for road projects |
| Contract Duration | 12 Months |
| Estimated Consideration | ~INR 21.15 Crore |
The contract is classified as a domestic entity order, and the company confirmed that neither the promoter nor the promoter group has any interest in the awarding entity. Furthermore, the order does not constitute a related party transaction.
REFEX Stock Price Movement
Refex Industries Limited rallied on Thursday after its stock price closed up 3.03%, settling at ₹348.95 in the equity market. The shares traded robustly throughout the day, remaining within a range between the daily low of ₹335.6 and the high of ₹352.95.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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