Deals17 Oct 2026, 01:01 pm
Refex Industries Bags ₹32.44 Cr Ash Transport Contract
AI Summary
Refex Industries Limited (RIL) has secured a rate contract for the transportation of ash from a Maharatna Public Sector Undertaking under the Ministry of Power. The contract has a cumulative maximum award value of Rs. 32,44,50,000/- (incl. GST). The scope of services includes ash excavation, loading, transportation, and unloading from dykes. This domestic contract is valid for one year, with a possible extension of six months. The company has confirmed that promoters or their group companies have no interest in the awarding entity, and the transaction is not a related party transaction.
Key Highlights
- Secured a significant rate contract for ash transportation.
- Contract value stands at Rs. 32.44 Crore (incl. GST).
- Contract duration is one year, extendable by six months.
- Scope includes excavation, loading, transport, and unloading.
- No promoter interest in the awarding entity.
Price Impact
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