Refex Industries Limited has secured a significant contract worth ₹21.15 crore from a major power producer, a Maharatna Central Public Sector Enterprise (CPSE). According to reports from Business Standard, the contract involves the transportation of ash to construction sites of road projects undertaken by the National Highways Authority of India (NHAI), as well as other Central or State government road construction departments, authorities and PMGSY road projects. The order is scheduled to be executed over a period of 12 months.
As reported by Business Standard, the contract has been awarded by a domestic entity and does not involve any related-party transaction. The Chennai-based company has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions. The contract represents a substantial addition to the company's operational portfolio in the infrastructure and energy sectors. In line with regulatory requirements, it has been confirmed that neither the promoter, promoter group, nor any group companies of Refex Industries Limited have any interest in the entity that awarded this contract, ensuring all dealings are conducted at an arm's length basis.
According to Business Standard, Refex Industries reported consolidated net profit surged 87.96% to ₹90.82 crore on a 57.14% rise in revenue from operations to ₹934.17 crore in Q4 FY26 over Q4 FY25. The company's robust financial performance demonstrates strong operational capabilities and market demand for its services across multiple sectors including ash handling, coal handling, wind energy, and green mobility solutions.
Refex Industries shares advanced 2.36% to ₹356.30 following the announcement of the contract award, as reported by Business Standard. The positive market response reflects investor confidence in the company's ability to secure significant contracts and execute them successfully. The stock movement demonstrates market optimism about the company's growth prospects in the infrastructure and energy sectors.
