Refex Industries Wins ₹300 Crore Coal Mining Contract in Jharkhand

Refex Industries Expands Mining Footprint with Major Jharkhand Contract

Refex Industries Limited (RIL), a Refex Group company, has announced a significant operational win with the acquisition of a coal mining services contract valued at ₹300 crore. The order, awarded by a large domestic mining entity in Jharkhand, marks a strategic expansion of RIL’s industrial services portfolio.

Key Highlights:

- Scope of Work: The contract covers removal of overburden (OB), excavation, and transportation of coal.

- Awarding Entity: A large mining company based in Jharkhand; no promoter or group company affiliations with RIL.

- Nature of Engagement: Entirely domestic, with no international involvement.

- Execution Timeline: 8 months initially, with a possible extension of up to 4 years.

- Contract Value: ₹300 crore, reflecting a substantial addition to RIL’s order book.

- Compliance: The transaction does not qualify as a related party deal and is conducted at arm’s length.

This development reinforces Refex Industries’ strategic push into energy and infrastructure services, positioning it as a key player in India’s coal logistics and mining ecosystem.

Sources: BSE Limited, National Stock Exchange of India, Refex Industries Regulatory Filing (October 24, 2025)