Refex Industries has bagged an order worth approximately Rs 27.50 crore from a major power producer (PSU) for the transportation of pond ash to NHAI road projects.
The contract, awarded by a domestic entity, is to be executed over a period of 4 months.
The company confirmed that neither its promoters nor promoter group companies have any interest in the awarding entity, and the order does not qualify as a related-party transaction.
Chennai-based Refex Industries has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions.
The companys consolidated net profit jumped 20.5% to Rs 37.44 crore despite 0.3% decline in revenue from operations to Rs 426.85 crore in Q2 Sept 2025 over Q2 Sept 2024.
Shares of Refex Industries fell 3.52% to currently traded at Rs 294.55 on the BSE.
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