Refex Industries Limited has successfully secured a significant contract valued at approximately ₹20.27 crore, inclusive of GST, from a prominent Miniratna company. This contract involves providing logistics and material handling services in the infrastructure and mining sector.
The contract, awarded by a domestic entity, is set to be executed over a period of six months. Refex Industries will be responsible for the comprehensive scope of supply and services, focusing on logistics and material handling within the specified sectors.
Notably, the company has confirmed that there is no involvement of the promoter or promoter group in the entity awarding the contract, ensuring that this agreement does not fall under related party transactions.
This development marks a strategic advancement for Refex Industries as it continues to expand its footprint in the infrastructure and mining sectors, enhancing its service offerings and client base.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).