Refex Industries Limited announced that it has secured a major contract worth Rs 300 crore for removal of overburden (OB), excavation, and transportation of coal from a large mining entity in Jharkhand, according to the company’s filing with the stock exchanges.
Key details of the order:
- Entity awarding the order: Large Mining Entity in Jharkhand
- Nature of contract: Removal of OB, excavation, and coal transportation
- Type: Domestic order
- Contract value: Rs 300 crore
- Execution timeline: 8 months, with a potential extension of up to 4 years
- Promoter involvement: None; not a related party transaction
The company stated that this contract strengthens its presence in the coal handling and logistics segment, aligning with its broader diversification strategy
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