Refex Industries Ltd has bagged a significant order worth approximately Rs 301.2 million for pond ash transportation. The contract highlights the company’s growing footprint in industrial logistics and its continued focus on servicing the energy sector through efficient handling of power generation byproducts.
Refex Industries Ltd, a Chennai-based industrial services and logistics firm, has announced the procurement of a new order valued at Rs 301.2 million for the transportation of pond ash. The contract, awarded by a state power utility, will be executed over a defined period and involves large-scale handling of ash generated from thermal power operations.
This development marks another milestone in Refex’s expansion within the ash and coal handling segment, which remains a key revenue driver for the company. The order is expected to contribute positively to its earnings and operational scale, especially following a challenging monsoon season that impacted Q1 performance.
Refex continues to strengthen its logistics capabilities and diversify its industrial services portfolio, with a focus on sustainability and compliance in waste management.
Notable Updates
- Order size: approximately Rs 301.2 million
- Scope: pond ash transportation for a state power utility
- Segment: ash and coal handling remains core revenue contributor
- Strategic boost to logistics and industrial services vertical
- Follows recent monsoon-impacted quarter with renewed operational momentum
Sources: ScanX News, MarketSetup, Business Upturn