Refex Industries Secures Rate Contract for Ash Transportation from Maharatna Company
Refex Industries Limited (RIL) has secured a Slab-wise Rate Contract from a Central Public Sector Enterprise, specifically a Maharatna Company. The contract pertains to the transportation of ash material required for various government road construction projects across India.The rate contract involves extensive services related to ash management and delivery at designated sites. RIL will be responsible for the excavation and loading of pond ash from an ash dyke. This process includes specialized transportation using closed or covered vehicles, ensuring proper handling of spillage and fugitive-ash controls, before the material is unloaded at specified chainages across road projects and flyover embankments approved by various government bodies.
The contract falls under the category of a Rate Contract for Ash Transportation to construction sites managed by NHAI (National Highways Authority of India) and other State or Central Government Road construction departments or Authorities responsible for PMGSY Road Projects.
Key details regarding the awarded contract are summarized below:
| Feature | Details |
|---|---|
| Entity Awarding Contract | Maharatna Company (Central Public Sector Enterprise) |
| Nature of Contract | Rate Contract for Ash Transportation to road project sites |
| Client Type | Domestic Entity |
| Project Duration | 12 months |
| Contract Value | Approximately INR 27.475 Crore (including GST) |
The terms of the contract confirm that there is no conflict of interest, noting that neither RIL's promoters nor their group companies hold any interest in the entity awarding the order, and the transaction does not constitute a related party deal.
REFEX Stock Price Movement
Refex Industries Limited shares are shedding 1.04% in live trading as of 2:35 PM, currently priced at ₹299.60 after a drop of ₹3.15. The stock maintains high activity, with 202,391 shares having been traded so far during the current market 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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