Order Win
Refex Industries Bags ₹20.94 Crore Ash Transportation Order for NHAI and Government Road Projects
NSE
refex
BSE
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Refex Industries Limited has secured a domestic order worth approximately ₹20.94 crore for ash transportation to construction sites of NHAI and other Central and State Government road projects, including PMGSY Road Projects. The contract has an execution period of 12 months.
PRICE-SENSITIVE TRIGGER
Event: Award of a domestic ash transportation contract for government road infrastructure projects.
Type: Order Win
Impact: Positive
Immediate Effect: The new order strengthens Refex Industries’ order book and provides additional revenue visibility over the next 12 months through infrastructure-related logistics services.
Key Metrics:
- Order Value: Approximately ₹20.94 crore
- Execution Period: 12 months
Highlight:
- New Order: Ash transportation contract worth ~₹20.94 crore for NHAI and Central/State Government road construction projects.
What Happened ?
Refex Industries Limited informed the stock exchanges that it has received a domestic order for ash transportation to construction sites of National Highways Authority of India (NHAI) and other Central and State Government Road Construction Departments/Authorities, including PMGSY Road Projects.
The contract has been awarded by an entity based in Maharashtra and will be executed over a period of 12 months. The order is valued at approximately ₹20.94 crore.
Key Details
Order Details:
- Awarding entity is based in Maharashtra.
- Contract covers ash transportation to construction sites of:
- National Highways Authority of India (NHAI) projects.
- Central Government road construction projects.
- State Government road construction departments and authorities.
- PMGSY Road Projects.
- Contract awarded by a domestic entity.
- Execution timeline is 12 months.
- Estimated contract value is approximately ₹20.94 crore.
Why It Matters:
- Enhances Refex Industries’ logistics order pipeline.
- Provides steady revenue visibility over the one-year execution period.
- Expands the company’s participation in government-backed infrastructure and road development projects.
- Demonstrates continued demand for specialized transportation services supporting public infrastructure.
Note:
- The company confirmed that no promoter, promoter group or group company has any interest in the awarding entity, and the transaction does not qualify as a related-party transaction.
Risk Analysis
Summary:
- The order improves revenue visibility, but successful execution will depend on project schedules, logistics efficiency and operational execution.
Key Risks:
- Delays in road project execution could affect transportation schedules.
- Fuel price volatility may influence operating costs.
- Changes in government infrastructure timelines may impact execution.
- Weather and logistics disruptions could affect service delivery.
Worst Case:
- Extended project delays or operational disruptions could postpone revenue recognition and reduce the expected contribution from the contract during the execution period.
Risk Level: Medium
Company Commentary
- Refex Industries has secured an order for ash transportation to infrastructure project sites.
- The contract supports NHAI, Central Government, State Government and PMGSY road construction projects.
- The order is valued at approximately ₹20.94 crore.
- Execution is expected to be completed within 12 months.
- The company confirmed that the order is not a related-party transaction and that promoters have no interest in the awarding entity.
Official Exchange Filing: Refex Industries Limited
