Refex Industries Secures Order for Supply of Bulk Industrial Commodity
Refex Industries Limited has procured an order for the supply of Bulk Industrial Commodity. The details regarding this contract award outline the key terms and scope of the agreement.The entity awarding the order is identified as a leading Navratna PSU in the steel sector. The nature of the order is the Supply of Bulk Industrial Commodity.
The transaction details reveal that the awarding entity is a domestic entity, and the contract falls under domestic sourcing. The scope of supply and services involves the Supply of Bulk Industrial Commodity.
The anticipated time period for execution of this order is approximately two months. The broad consideration or size of the order has been stated as approximately INR70.2 Crore.
Key details pertaining to the contract include:
| Detail | Information |
|---|---|
| Name of Entity Awarding Order(s) | A leading Navratna PSU in the steel sector |
| Scope of Supply and Services | Supply of Bulk Industrial Commodity |
| Origin of Order | Domestic entity |
| Nature of Order | Supply of Bulk Industrial Commodity |
| Execution Timeline | ~02 Months |
| Order Consideration Size | ~INR70.2 Crore |
Furthermore, the documentation confirms that the promoter or promoter group of Refex Industries Limited has no interest in the entity that awarded the order. Additionally, the transaction does not fall within the category of related party transactions.
REFEX Stock Price Movement
Shares of Refex Industries Limited are edging higher to ₹214.29 as of 2:50 PM today, rallying by 0.67% in live trading. The stock has seen robust activity, trading 466,615 shares to build momentum throughout the day.Source:
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