Rs 1,500 Crore Order Book: Multibagger Industrial Gases Company Secures Rs 36.91 Crore Ash Handling And Transportation Order
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Refex Industries has secured a Rs 36.91 crore domestic contract from a major power producer for pond ash excavation and transportation over two years, strengthening its order book in ash handling and logistics operations.
✨ Key Takeaways
On Friday's trading session, Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining 1.50 per cent to 23,547.75. Logistics and industrial services stocks remained in focus amid fresh order announcements. In this segment, Refex Industries share price was trading at Rs 328.90 on May 29, 2026, up 0.09 per cent from the previous close of Rs 328.60.
Refex Industries Bags Rs 36.91 Crore Order
Refex Industries Limited announced that it has secured a domestic order worth approximately Rs 36.91 crore for excavation, loading and transportation of pond ash. The contract has been awarded by a major domestic power producer and is scheduled to be executed over a period of two years.
The scope of work includes excavation, loading and transportation of pond ash to open-cast mines, stone quarries and project sites of the National Highways Authority of India (NHAI).
Contract To Support Ash Handling Business
According to the company, the order strengthens its presence in the ash handling and logistics segment, which forms a key part of its industrial services portfolio.
Pond ash, a byproduct generated by thermal power plants, is increasingly being utilised in infrastructure and mining-related applications. The project involves comprehensive handling and movement services across multiple designated locations.
The contract also provides medium-term revenue visibility for the company through a defined execution schedule extending over the next two years.
Refex Industries Said No Related Party Interest
Refex Industries clarified that the contract has been awarded by a domestic entity and does not involve any related party transaction.
The company further stated that neither its promoters, promoter group nor group companies have any interest in the entity awarding the contract.
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the applicable SEBI Master Circular requirements.
Refex Industries Shareholding Pattern
As of March 2026, Foreign Institutional Investors (FIIs) reduced their stake in Refex Industries to 0.92 per cent from 1.05 per cent in the previous quarter. Domestic Institutional Investors (DIIs) also reduced their holding to 0.04 per cent from 0.06 per cent.
About Refex Industries
Refex Industries Limited operates across ash handling, logistics, green mobility and industrial services businesses. The company provides excavation, loading, transportation and waste management solutions for power plants, mining operations and infrastructure projects.
Its ash handling and logistics division focuses on the management and transportation of industrial byproducts generated by power plants, supporting infrastructure development, mining activities and environmental utilisation initiatives across India.
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Add NowDisclaimer: This article is for informational purposes only and does not constitute investment advice.