💡 Refex Industries secured a ₹32.45 crore contract for pond ash transportation to NHAI road construction sites.

What Happened

Refex Industries Limited has announced that it has procured an order for the transportation of pond ash to NHAI PWD road construction sites. The contract has been awarded by a Maharatna Public Sector Undertaking (PSU) and is valued at approximately ₹32.45 crore, inclusive of GST.

Key Details

Why It Matters

This order win represents a significant business development for Refex Industries, securing a sizable contract with a major government-backed entity. The project involves transporting pond ash, a by-product from thermal power plants, for use in road construction by the National Highways Authority of India (NHAI). This aligns with sustainable infrastructure development initiatives and provides the company with a steady revenue stream for the contract period of one year, which is extendable by an additional six months. Such contracts enhance order book visibility and demonstrate the company's capability in the logistics and infrastructure support sector.

Disclaimer: This is publicly available information sourced from NSE. Not investment advice.

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