Refex Industries Clarifies 10 Lakh MT Ash Contract

Key Quantitative Correction

The company clarifies that the quantity under the contract for lifting Pond Ash and Fly Ash is 10 Lakh Metric Tonnes (1,000,000 MT), not 10 Metric Tonnes as previously stated. The error was purely typographical with no changes to the underlying contract value, scope, execution period, or any other terms.

Contract Details from Annexure A

• Awarding Entity: A Public Sector Undertaking in Madhya Pradesh
• Scope of Services: Lifting of 10 Lakh Metric Tons of Pond Ash and Fly Ash under RCR (Road-cum-Rail) Mode
• Contract Nature: Domestic contract awarded by a domestic entity
• Execution Period: 18 months, extendable with mutual consent
• Contract Value: Approximately INR 160 crores
• Related Party Status: No interest by promoters/promoter group/group companies in the awarding entity
• Transaction Type: Not a related party transaction, conducted at arm's length