Refex Industries Secures ₹16.56 Crore Fly Ash Transportation Order from State GENCO

Refex Industries Limited has announced the receipt of a new domestic order from a State GENCO, marking another major win in the company’s logistics and environmental services vertical. The contract, valued at ~₹16.56 crore, involves the transportation of pond/fly ash for a critical National Highways Authority of India (NHAI) road infrastructure project. The order is set for execution within a short timeline of four months, highlighting Refex’s operational efficiency and logistical capabilities.

This deal underscores Refex Industries’ specialization in handling and transporting industrial by-products, supporting both sustainable waste management and infrastructure development. Notably, the project does not involve any related party transactions and maintains arm’s length commercial terms, reinforcing transparency and adherence to SEBI Listing Regulations.

The steady flow of such orders positions Refex Industries to play a pivotal role in large-scale construction and environmental management, while also contributing positively to the company’s financial performance for the current fiscal.

Key Highlights:

Refex Industries secures fly ash transportation order worth ~₹16.56 crore from State GENCO.

The order is for an NHAI road project, to be executed in four months.

Project reflects company’s core strength in waste logistics and environmental solutions.

No related party component; strictly commercial terms complying with SEBI regulations.

Strong operational pipeline continues to enhance Refex’s market presence and revenues.

Sources: Company disclosure to BSE, official regulatory filings