Refex Industries Secures Contract for Pond Ash Transportation to NHAI PWD Sites
Refex Industries Limited has secured a significant order for the transportation of pond ash to National Highways Authority of India (NHAI) PWD Road Construction Sites. The contract was awarded by a Maharatna Company (PSU).The order details pertain to the transportation of pond ash, confirming the company’s involvement in major infrastructure material supply chains.
Detailed parameters of the contract, including its size and duration, are as follows:
| Parameter | Detail |
|---|---|
| Awarding Entity | A Maharatna Company (PSU) |
| Nature of Contract | Transportation of pond ash to NHAI PWD Road Construction Sites |
| Domestic/International | Domestic entity |
| Order Size (Consideration) | ~INR32.45 Crore (incl. of GST) |
| Execution Period | 1 Year, extendable up to next 6 Months |
| Promoter Interest | No |
| Related Party Transaction | No |
The agreement specifies that the scope of work includes the transportation of pond ash to NHAI PWD Road Construction Sites. The contract was determined to be a domestic arrangement and does not involve any related party transactions.
REFEX Stock Price Movement
As of 1:16 PM, Refex Industries Limited shares are shedding 0.40% in live trading, currently priced at ₹239. The stock is seeing significant intraday movement on a total volume of 373,514 shares.Source:
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