Refex Industries Limited has announced that it has received a new contract from a Maharashtra-based entity for transporting ash meant for an NHAI road development project. This order further strengthens the company’s presence in the infrastructure-linked services space, particularly in ash management and logistics.
According to the details shared, the contract involves handling and transporting ash for use in a National Highways Authority of India road project. The assignment is entirely domestic and carries a total value of about ₹29.82 crore. The project is scheduled to be completed within five months from the commencement date, making it a relatively short-cycle but significant operational engagement for the company.
Refex clarified that neither the promoter group nor any group companies have any interest in the awarding entity, and the transaction does not fall under related-party dealings. This ensures that the order has been secured independently and on a fully commercial basis.
