Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Bagging of order by Refex Industries Limited for transportation of Pond Ash ....
ORDERS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 20 Apr 2026, 12:04 PM IST · BSE ID: f893268f-71ee-4621-b1d8-c5dd710814d7
View Original BSE Filing (PDF)
⚡ Quick Answer
Refex Industries Limited has secured a domestic order worth INR 32.12 Crore for transporting pond ash to NHAI PWD road construction sites. The contract has a 1-year execution timeline, with an option for a 6-month extension. This order is part of multiple commodity-related wins for Refex within days, highlighting their growing project pipeline.
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In Simple Terms
Refex Industries just won a INR 32.12 Crore contract to transport ash for road construction by the national highway authority.
🤖 AI Summary
- Refex Industries wins INR 32.12 Crore pond ash transportation order from NHAI PWD
- Domestic contract with Maharashtra-based entity; no promoter or related-party interest
- Execution timeline: 1 Year, extendable by 6 Months; inclusive of GST
- Third order win in 4 days — INR 70.2 Cr steel order + INR 32.45 Cr prior ash transport contract
🔢 Key Numbers — exact figures from BSE filing, not rounded
Order value (inclusive of GST)
INR 32.12 Crore
Execution timeline
1 Year extendable up to next 6 Months
Contract scope
Transportation of pond ash to NHAI PWD Road Construction Sites
🏢 How This Affects the Company
Adds INR 32.12 Crore to order book and strengthens Refex's position in commodity logistics and transport services. Third material order win in 4 days confirms sustained market traction across bulk commodities and infrastructure support services.
INR 32.12 Crore contract (inclusive GST) will contribute to FY27 revenue stream over 1-year execution period. Terms and payment milestones will determine cash inflow timing and working capital requirements.
Requires logistics and transportation capacity allocation for pond ash handling and delivery to multiple NHAI PWD road construction sites across 12-month period with extension optionality.
Contract execution and on-time delivery critical for maintaining highway authority relationship. No related-party or promoter interest reduces conflict-of-interest risk. Extension clause provides revenue visibility but duration uncertainty.
👥 What This Means For Shareholders
✅
Action Required
No action required. Order disclosed under Regulation 30 standard material event disclosure protocol.
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Who Is Affected
All equity shareholders benefit equally from revenue addition to consolidated FY27 order book. Creditors gain improved cash-generation visibility. Retail and institutional shareholders track order momentum for business sustainability assessment.
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Management Signal
Rapid order capture across bulk commodities (steel, ash transport) and infrastructure support indicates management's successful market positioning in logistics-dependent project services with public sector clients.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 results filing — confirm INR 32.12 Crore order recognition and revenue realization timeline
Contract execution updates — track delivery milestones and payment receipt confirmation
Order backlog disclosure in next quarterly report — assess cumulative order position post-third win
MEDIUM RISK
Client identity undisclosed limits counterparty credit assessment. 1-year base term with optional extension creates post-Year 1 revenue uncertainty. Public sector execution risk inherent.
💡 Investor Takeaway
Refex secured INR 32.12 Crore pond ash transport order from NHAI PWD, with 1-year execution and 6-month extension option. This is the third major order in 4 days, totaling INR 134.77 Crore, confirming revenue pipeline strength. No related-party involvement confirmed.
⚖️ Strengths & Concerns
✅ Positives
- Three material order wins in four days signal strong market demand and Refex's competitive execution capability.
- INR 32.12 Crore contract with 6-month extension option provides 18-month potential revenue visibility.
⚠️ Concerns
- Client identity not disclosed — only 'entity based in Maharashtra' — limits investor transparency on counterparty creditworthiness.
- 1-year contract with optional extension introduces revenue uncertainty post-Year 1 despite extension clause.
📅 Company Track Record
Refex secured INR 70.2 Crore bulk commodity supply order from Navratna steel PSU on April 7, 2026 (2-month execution). On April 16, 2026, bagged INR 32.45 Crore pond ash transportation order from Maharatna PSU (12-month execution with 6-month extension). This April 20 order marks third consecutive material win within 4 days.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the value of the new order won by Refex Industries?
Refex Industries Limited has secured a new domestic order worth INR 32.12 Crore, inclusive of GST, for transporting pond ash.
What is the execution timeline for the Refex Industries pond ash order?
The pond ash transportation order for Refex Industries has an execution timeline of one year, with an option for a 6-month extension.
Who is the order for pond ash transportation for Refex Industries from?
The order for Refex Industries involves the transportation of pond ash to NHAI PWD road construction sites.
Does the Refex Industries pond ash order involve related parties?
No, the domestic contract for Refex Industries for pond ash transportation has no related-party involvement or promoter interest.
How many pond ash orders has Refex Industries secured recently?
Refex Industries has secured multiple commodity-related orders within days, including a prior INR 32.45 Crore pond ash transport order.
Questions based on this BSE filing only. For information purposes.