Refex Industries Limited Bags Major ₹100 Crore Order for Pond Ash Excavation and Transportation

Refex Industries Limited has announced the award of a substantial order from a large domestic business conglomerate for excavation, loading, and transportation of pond ash and bottom ash. This contract is valued at around ₹100 crore and is set to be completed within a four-month timeframe.

The scope of work includes critical environmental logistics, responsible for the handling and safe movement of ash generated from industrial processes. This contract is expected to strengthen Refex’s presence in the niche but vital segment of ash logistics.

Importantly, the order is not linked to any related party transactions, and neither the promoters nor promoter groups hold interests in the awarding entity, underscoring transparency. Refex Industries' ability to secure such high-value contracts highlights its operational capabilities and trusted position in the market.

Key Highlights:

Contract awarded for excavation, loading, and transportation of pond ash/bottom ash.

Contract value approximately ₹100 crore, to be executed in 4 months.

Contract awarded by a large domestic business conglomerate.

No promoter or group interest in the awarding entity.

Not a related party transaction, ensuring arm’s length dealings.

Strengthens Refex’s foothold in the environmental logistics industry.

Sources: Refex Industries Limited official disclosure, SEBI Listing Regulations compliance document