Refex Industries Limited has secured a significant contract valued at approximately ₹32.12 crore for the transportation of pond ash to NHAI PWD road construction sites. This domestic order was awarded by an entity based in Maharashtra and is set to be executed over a period of one year, with the possibility of extension for an additional six months.
The contract involves the transportation of pond ash, a by-product of coal combustion in power plants, which is used in the construction of roads. The order underscores Refex Industries‘ capabilities in logistics and transportation services within the infrastructure sector.
The company confirmed that there is no interest from the promoter or promoter group in the entity awarding the contract, and the transaction does not fall within related party transactions.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).