Refex Industries Limited (RIL) has announced a significant new contract, further solidifying its position in the infrastructure development sector. The company has secured a domestic order worth INR 65.00 crores for the transportation of pond/fly ash to a National Highways Authority of India (NHAI) Road Project from a prominent State Generation Company (GENCO).

Contract Details

The contract involves the supply and services for transportation of pond/fly ash as part of infrastructure development activities. This order comes on the heels of two recent similar contracts secured by Refex Industries, demonstrating the company's growing presence in this sector.

Significance of the Contract

This latest contract represents a significant boost to Refex Industries' order book. The cumulative value of the three recent contracts amounts to approximately INR 111.38 crores, indicating a strong demand for the company's services in the infrastructure sector.

The consistent securing of contracts for ash transportation to NHAI road projects suggests that Refex Industries is playing a crucial role in the utilization of industrial by-products for infrastructure development. This not only contributes to sustainable practices but also aligns with the government's focus on improving road infrastructure across the country.

Company Disclosure

As per the regulatory requirements, Refex Industries has made appropriate disclosures under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The company has confirmed that these contracts do not involve any related party transactions and that the promoter/promoter group has no interest in the entities awarding these contracts.

The series of contract wins demonstrates Refex Industries' strong positioning in the infrastructure services sector, particularly in the niche area of ash transportation for road projects. As the company continues to secure such contracts, it may potentially see improved financial performance and increased market presence in the coming quarters.

Refex Industries Limited (RIL) has announced a significant new contract, marking a positive development for the company. A Maharashtra-based entity has awarded RIL an order for the transportation of ash for a National Highways Authority of India (NHAI) Road Project.

Contract Details

Key Points

• The contract involves domestic operations, reinforcing RIL's presence in the Indian market.
• RIL has confirmed that neither the promoters nor any group companies have interests in the entity awarding the contract.
• The transaction does not fall under related party transactions, ensuring transparency and compliance with regulatory standards.

Company Disclosure

In adherence to regulatory requirements, Refex Industries Limited has made this disclosure under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. This disclosure was signed by Ankit Poddar, the Company Secretary & Compliance Officer of RIL.

This new contract represents a positive step for Refex Industries Limited, potentially contributing to its revenue stream and operational growth in the coming months.