Refex Industries Limited has successfully secured a significant order valued at approximately ₹36.50 crore. The order, awarded by a leading Navratna Public Sector Undertaking (PSU) in the steel sector, involves the supply of bulk industrial commodity.
The contract is a domestic one, and the scope of work includes the supply of bulk industrial commodity. The order is expected to be executed within a time frame of approximately 40 days, as per the details provided in the regulatory filing.
The company has clarified that neither the promoter nor the promoter group has any interest in the entity that awarded the contract. Furthermore, the order does not fall within the category of related party transactions.
This development underscores Refex Industries‘ capability in securing substantial contracts in the industrial sector, further solidifying its position in the market.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).