Refex Industries Secures Rate Contract for Ash Transportation to Road Construction Sites
Refex Industries Limited (RIL) has secured a Rate Contract from a Major Power Producer (A Maharatna CPSE) for the transportation of ash to road construction sites. The contract details focus on rate agreements and encompasses an estimated value of INR 22.75 Crore over a period of approximately 12 months.The order, which is designated as a domestic entity order, specifies that RIL will handle the Rate Contract for Ash Transportation to Road Construction Sites. This agreement falls under the category of a domestic rate contract.
Key details regarding the forging of the contract are summarized below:
| Aspect | Details |
|---|---|
| Awarding Entity | Major Power Producer (A Maharatna CPSE) |
| Nature of Contract | Rate Contract for Ash Transportation to Road Construction Sites |
| Scope of Services | Ash Transportation to Road Construction Sites |
| Contract Term | Approximately 12 months |
| Consideration/Size | Approximately INR 22.75 Crore |
In terms of governance and relationships, the contract does not involve any conflict of interest for RIL’s promoter or promoter group, as there is no interest in the awarding entity. Furthermore, the order will not fall under related party transactions.
REFEX Stock Price Movement
Shares of Refex Industries Limited today slipped by 3.95% to settle at ₹298.65. The stock traded within a defined intraday range, hitting a low of ₹296.55 and recording a high of ₹318.9 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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