RIRefex Industries532884Major contract win

Refex Industries receives award of slab-wise ash transportation rate contract worth Rs. 31,44,50,000

Refex Industries has received the award of a slab-wise rate contract for ash transportation.

By ScoutQuest · Wed 21 Oct 2026, 3:04 PM IST · 1 min read

Contract Value

Cumulative maximum award value: Rs. 31,44,50,000 (incl. GST)

Contract Validity

Valid for one year, extendable by a further six months

Awarder

A Maharatna public sector undertaking under the Ministry of Power

What the company said

Refex Industries has received the award of a slab-wise rate contract for ash transportation from one of the Maharatna companies under the Ministry of Power. The ash is to be transported to construction sites of road projects of NHAI and other central or state government road construction departments, authorities and PMGSY road projects.

Size of the contract

• The update states a cumulative maximum award value of Rs. 31,44,50,000 (incl. GST).
• The word 'maximum' matters: the value is the upper limit of the award, so the amount actually billed depends on how much work is executed under the contract.
• The value is stated inclusive of GST.

Duration and nature

• The slab-wise rate contract is valid for a period of one (1) year, extendable by a further period of six (6) months.
• The awarding entity is described as a Maharatna public sector undertaking under the Ministry of Power.
• It is a domestic contract, and the scope covers ash transportation services rather than supply of goods.

Other disclosures in the update

• 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.

How to read this

A rate contract sets rates for a defined scope and period rather than guaranteeing a fixed quantity of work. The maximum award value gives an indication of the size of the opportunity, while actual revenue booked would follow the transportation actually carried out during the contract period. Readers may want to track execution over the one-year validity and the possible six-month extension.

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