Refex Industries Bags ₹33.7 Cr Fly Ash Contracts

Refex Industries Limited (RIL) has secured two significant contracts totaling ₹33.70 crores for the loading, transportation, and excavation of fly ash. The contracts are with a domestic entity based in Telangana and are to be executed within 120 days. One contract, valued at approximately ₹32.78 crore (including GST), covers the loading and transportation of fly ash. The second contract, for fly ash excavation, is valued at approximately ₹0.91 crore (including GST). Neither the promoter group nor group companies have any interest in the awarding entity, and these contracts do not fall under related party transactions.