Refex Industries Limited has formally disclosed securing a major contract from the National Highways Authority of India (NHAI) through a regulatory filing under SEBI Listing Regulations. The company announced the order on January 8, 2026, strengthening its position in the infrastructure services sector.

Contract Details

The company has received an order worth approximately ₹34.61 crores for comprehensive pond ash management services from a Maharashtra-based entity for NHAI road projects. The contract encompasses multiple operational aspects of pond ash handling for road construction initiatives.

Scope of Work

The contract involves three primary components of pond ash management for NHAI road projects:

• Excavation: Systematic removal of pond ash from designated sites
• Loading: Efficient loading operations using appropriate machinery and equipment
• Transportation: Safe and timely transportation of pond ash to specified locations for road projects

Regulatory Compliance

Refex Industries disclosed the contract details in compliance with Regulation 30 of SEBI Listing Regulations. The company confirmed that the order does not involve any related party transactions and that promoters have no interest in the awarding entity. The contract is being executed at arm's length with a domestic entity.

Strategic Significance

This NHAI contract represents a notable addition to Refex Industries' order book, particularly given the company's focus in the trading segment. The order value of ₹34.61 crores indicates the substantial scale of the pond ash management project and reflects confidence in the company's execution capabilities for road infrastructure development. The four-month timeline demonstrates the company's operational efficiency in handling large-scale infrastructure contracts.

Refex Industries has formally disclosed securing a substantial order worth ₹43.74 crore for pond ash services related to National Highway Authority of India (NHAI) road projects. The contract has been awarded by a large business conglomerate and includes a comprehensive scope of services with a 4-month execution timeline.

Regulatory Disclosure Details

The company made the announcement through a formal disclosure under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure was signed by Company Secretary Ankit Poddar and submitted to both BSE and NSE exchanges.

Contract Specifications and Scope

The order encompasses a comprehensive range of services beyond simple transportation, including excavation, loading, transportation, and unloading of pond ash for NHAI road projects. The expanded scope demonstrates the company's integrated service capabilities in infrastructure projects.

Strategic Business Impact

This contract represents a significant addition to Refex Industries' order book and showcases the company's comprehensive service offerings in the infrastructure sector. The involvement with NHAI projects positions the company within India's expanding highway development initiatives, while the expanded scope from transportation to full-service pond ash management demonstrates operational capabilities.

Compliance and Transparency

The formal regulatory disclosure confirms that the contract does not involve any related party transactions and that promoter groups have no interest in the awarding entity. This ensures arm's length transaction compliance and maintains transparency standards required under SEBI regulations for listed companies.