StockWatch
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Industrial Gases
Business Update20 Jun 2026, 04:00 pm

Refex Industries Bags ₹29.34 Cr Order for NHAI Road Projects

AI Summary

Refex Industries Limited (RIL) has secured a significant order from a Maharatna CPSE for the transportation of pond ash to National Highways Authority of India (NHAI) road projects. The contract, valued at approximately ₹29.34 Crore, is for a duration of 12 months. This domestic order underscores RIL's role in supporting major infrastructure development in India. The company confirmed that promoters and their group entities have no interest in the awarding entity, and the transaction is not a related party transaction.

Key Highlights

  • Secured ₹29.34 Crore order for NHAI road projects.
  • Contract duration is for 12 months.
  • Order is from a domestic Maharatna CPSE.
  • Confirms no promoter interest in the awarding entity.