Refex Industries Secures Order from Maharatna Company for Pond Ash Transportation
Refex Industries Limited (RIL) has secured a significant order from a Maharatna Company concerning the transportation of pond ash destined for NHAI road projects. The contract, valued at approximately INR29.34 Crore, is set to be executed over a 12-month period.The order pertains to the supply of services involving the movement of pond ash to specified NHAI road projects by the Maharatna CPSE. This transaction, which was awarded by a domestic entity, confirms RIL's capability in material transportation and service delivery within infrastructure development.
Key details regarding the contract include:
| Detail | Description |
|---|---|
| Entity Awarding Order | Major Power Producer (A Maharatna CPSE) |
| Scope of Work | Transportation of pond ash to NHAI road projects |
| Nature of Transaction | Domestic transportation of pond ash |
| Contract Period | 12 Months |
| Order Value | Approximately INR29.34 Crore |
The contract has been confirmed as a standard commercial transaction, with both the nature of the order and associated terms free from any conflict or related party interests involving RIL's promoter group.
REFEX Stock Price Movement
Refex Industries Limited saw its stock gain 6.70% on Friday, managing to close at ₹336.90 after advancing by ₹21.35.The shares experienced high volume during the session, as 3.76 million shares were traded across the market.
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