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.

Refex Industries has announced that its subsidiary, Venwind Refex Power Limited (VRPL), has successfully secured a significant contract to supply wind turbine generators for renewable energy projects. The contract involves the supply of 148 MW wind turbine generators for wind power projects with a leading independent power producer.

Contract Details

The contract represents a notable business win for Refex Industries' subsidiary in the renewable energy sector. The following table summarizes the key contract parameters:

Scope of Supply and Services

The contract encompasses comprehensive supply and technical services for the wind power project. VRPL will be responsible for:

• Supply of WTGs for the project
• Related technical and supervisory assistance
• Design, procurement, manufacturing, assembly, packaging, marking, loading and supply of the WTG
• Compliance with contract terms, applicable laws and prudent wind industry practices

Strategic Significance

This contract award highlights Refex Industries' positioning in the renewable energy equipment supply chain through its subsidiary VRPL. The company has demonstrated its capability to secure contracts with major independent power producers, which are key players in India's renewable energy landscape.

The 148 MW capacity represents a substantial order that will contribute to the expansion of wind power generation capacity in Tamil Nadu. The project aligns with India's focus on expanding renewable energy capacity and reducing dependence on conventional power sources.

Business Impact

The contract win strengthens Refex Industries' presence in the renewable energy sector through its subsidiary operations. This development positions VRPL as a reliable supplier in the wind energy equipment market, potentially opening doors for future opportunities in the growing renewable energy sector.

The successful securing of this domestic contract demonstrates the company's ability to compete effectively in India's expanding wind power market and contribute to sustainable energy solutions.