Refex Industries Ltd has bagged a ₹346.1 million order for ash excavation and transportation from a major conglomerate. The deal strengthens its industrial services portfolio, boosts investor confidence, and positions the company for growth in waste management and sustainability-focused projects.
Refex Industries Ltd, a leading player in refrigerant gases and industrial services, announced that it has received a fresh order valued at approximately ₹346.1 million (₹34.61 crore). The contract involves excavation, loading, and transportation of ash from a major domestic conglomerate, underscoring the company’s growing footprint in industrial waste management.
Key Highlights
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Order Value: The new contract is pegged at ₹346.1 million, adding to Refex’s expanding portfolio.
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Execution Timeline: The project is expected to be completed within a few months, reflecting operational efficiency.
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Sectoral Impact: This deal strengthens Refex’s presence in the industrial gases and ash management segment, a niche but growing market.
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Investor Sentiment: Shares of Refex Industries have shown volatility recently, but such large orders are likely to bolster long-term confidence.
Strategic Significance
This order highlights Refex’s ability to secure large-scale contracts in specialized industrial services. With India’s increasing focus on sustainable energy and waste management, the company is well-positioned to benefit from future opportunities.
Sources: CNBC TV18, Moneycontrol, Economic Times