Refex Industries532884Major contract win

Rate contract received for ash transportation from a Maharatna PSU under the Ministry of Power

Refex Industries has received a rate contract for transportation of ash from a Maharatna Public Sector Undertaking under the Ministry of Power.

By ScoutQuest · Sat 17 Oct 2026, 12:50 PM IST · 2 min read

Contract Value: ~Rs. 32.45 crore (incl. GST)
Contract Duration: one (1) year, extendable by a further period of six (6) months
Scope: ash excavation, loading, transportation and unloading from dykes

What was announced

Refex Industries has received the award of a rate contract for transportation of ash from a Maharatna Public Sector Undertaking under the Ministry of Power.
The order value is stated as a Cumulative Maximum Award Value of ~Rs. 32.45 crore (incl. GST).
The awarding entity is described only as a Maharatna Public Sector Undertaking under the Ministry of Power.

Scope of work

The contract covers transportation of ash, including ash excavation, loading, transportation and unloading from dykes. This is a services contract, and the company describes the nature of the order as a rate contract for the same scope.

Duration

The rate contract is valid for a period of one (1) year, extendable by a further period of six (6) months.

The numbers to note

Cumulative Maximum Award Value: ~Rs. 32.45 crore, inclusive of GST.
Validity: one (1) year, with a possible extension of six (6) months.
The value is described as a "cumulative maximum" award value, which is the wording used in the update for the size of the contract.

Other details given

The order has been awarded by a domestic entity and is domestic in nature.
The promoter, promoter group and group companies have no interest in the entity that awarded the contract.
The contract does not fall within related party transactions.

What this kind of announcement means

This is an order-win disclosure, where a listed company informs the exchanges about a contract it has received. The update states the scope, the value and the duration, which are the three things investors usually look at to judge the size and period of the work. The company has described the value as the cumulative maximum award value inclusive of GST, and has set out the validity period of the contract along with the extension clause.

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