Refex Industries Secures Order Worth ~INR20.27 Crore for Logistics Services
Refex Industries Limited has successfully secured a substantial contract for providing logistics and material handling services in the infrastructure and mining sector. The order was awarded by a leading Miniratna Company, marking a significant operational win for the company.The contract details reveal that Refex Industries Limited will be providing logistics and material handling services, primarily focused on the infrastructure and mining sectors. The deal is categorized as a domestic entity contract, with the scope of supply covering comprehensive material handling needs.
The agreement has a specified execution timeline of approximately six months, and the total consideration for the order is valued at ~INR20.27 Crore, inclusive of GST. The contract is confirmed not to involve any related party transactions, nor is the awarding entity related to the promoter or promoter group of Refex Industries Limited.
Key details of the contract awarded to Refex Industries Limited include:
| Detail | Description |
|---|---|
| Awarding Entity | A leading Miniratna Company |
| Scope of Services | Logistics and material handling services in the infrastructure and mining sector |
| Nature of Order | Logistics and material handling services in the infrastructure and mining sector |
| Consideration/Size | ~INR20.27 Crore (inclusive of GST) |
| Execution Period | Approximately 6 months |
| Relationship Status | Domestic entity; Not a related party transaction |
REFEX Stock Price Movement
Shares of Refex Industries Limited are gaining 0.42% in live trading, currently sitting at ₹275.5 as of 1:58 PM. The stock is seeing robust participation, supported by a total traded volume of 630,909 shares exchanged during the 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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