Contract Award Details
Refex Industries Limited has been awarded a slab-wise rate contract for ash transportation services from a Maharatna Company (Central Public Sector Enterprise).
Key Contract Particulars:
- Awarding Entity: Major Power Producer (A Maharatna Company, Central Public Sector Enterprise)
- Contract Nature: Rate Contract for Ash Transportation to construction sites of road projects of NHAI and other Central or State Government Road construction departments/Authorities/PMGSY Road Projects
- Geographic Scope: Domestic
- Execution Timeline: 12 months
- Contract Value: Approximately INR 27.475 Crore (including GST)
Scope of Services:
The contract covers excavation and loading of pond ash from an ash dyke, transportation by mechanical means in closed/covered vehicles with spillage and fugitive-ash controls, and unloading at designated chainages of road projects, flyover embankments, and other government-approved construction sites.
Corporate Governance Aspects:
- The promoter/promoter group/group companies have no interest in the entity that awarded the contract
- The contract does not qualify as a related party transaction
- The transaction is conducted at arm's length basis