+
Refex Industries Secures Pond Ash Transportation Contract
ROADS & HIGHWAYS

Refex Industries Secures Pond Ash Transportation Contract

Refex Industries Limited (RIL) has secured an order for the transportation of pond ash to National Highways Authority of India (NHAI) and Public Works Department (PWD) road construction sites, the company disclosed to stock exchanges under the Securities and Exchange Board of India (SEBI) listing obligations. The award was reported under Regulation 30 of the SEBI Listing Regulations and was accompanied by an annexure setting out the contract particulars. The contracting party was described as a Maharatna public sector undertaking. The disclosure was signed by the company secretary on behalf of RIL.

The contract is for the domestic transportation of pond ash and is structured for execution over one year, extendable for a further six months. The scope covers movement of material to NHAI and PWD sites and does not involve any international operations. The company stated that the promoters or promoter group do not have any interest in the entity that awarded the contract.

The broad consideration for the order was indicated as approximately Rs 324.5 million (mn) inclusive of goods and services tax, converted from the reported figure of Rs 32.45 Crore. The release defined million (mn) at first mention and used the abbreviation thereafter. The company also confirmed that the contract does not constitute a related party transaction and therefore is not subject to arm's length disclosures. The conversion is intended to facilitate investor understanding of the order size in standard terms.

Refex Industries said it will undertake mobilisation and logistic arrangements to fulfil the contractual obligations within the stipulated period and any approved extension. The company secretary filed the disclosure with exchanges and requested dissemination on the respective platforms. Operational execution will be aligned with statutory compliances and reporting requirements. The company indicated contractual performance will follow applicable environmental and safety regulations.

Refex Industries Limited (RIL) has secured an order for the transportation of pond ash to National Highways Authority of India (NHAI) and Public Works Department (PWD) road construction sites, the company disclosed to stock exchanges under the Securities and Exchange Board of India (SEBI) listing obligations. The award was reported under Regulation 30 of the SEBI Listing Regulations and was accompanied by an annexure setting out the contract particulars. The contracting party was described as a Maharatna public sector undertaking. The disclosure was signed by the company secretary on behalf of RIL. The contract is for the domestic transportation of pond ash and is structured for execution over one year, extendable for a further six months. The scope covers movement of material to NHAI and PWD sites and does not involve any international operations. The company stated that the promoters or promoter group do not have any interest in the entity that awarded the contract. The broad consideration for the order was indicated as approximately Rs 324.5 million (mn) inclusive of goods and services tax, converted from the reported figure of Rs 32.45 Crore. The release defined million (mn) at first mention and used the abbreviation thereafter. The company also confirmed that the contract does not constitute a related party transaction and therefore is not subject to arm's length disclosures. The conversion is intended to facilitate investor understanding of the order size in standard terms. Refex Industries said it will undertake mobilisation and logistic arrangements to fulfil the contractual obligations within the stipulated period and any approved extension. The company secretary filed the disclosure with exchanges and requested dissemination on the respective platforms. Operational execution will be aligned with statutory compliances and reporting requirements. The company indicated contractual performance will follow applicable environmental and safety regulations.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code