Refex Industries Secures INR 100 Crore Ash Handling Contract
Filing Summary
Refex Industries Limited has secured a contract valued at approximately INR 100 Crore for the excavation, loading, and transportation of pond ash and bottom ash. The order was awarded by a large domestic business conglomerate. The contract is set to be executed over a period of four months. There is no involvement of related party transactions, and the promoter group has no interest in the awarding entity. This development was disclosed under Regulation 30 of the SEBI Listing Regulations, as per the filing dated November 27, 2025.
Refex Industries Limited has announced the acquisition of a contract for the excavation, loading, and transportation of pond ash and bottom ash. The order, valued at approximately INR 100 Crore, was awarded by a large domestic business conglomerate. The contract is scheduled for completion within a four-month timeframe.
The disclosure was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as referenced in the SEBI Master Circular dated November 11, 2024. The contract involves the provision of services related to the handling of ash, a byproduct of industrial processes.
The order is classified as a domestic contract, with no international entities involved. The filing confirms that there are no related party transactions associated with this contract, and the promoter or promoter group of Refex Industries Limited has no interest in the entity awarding the contract.
The contract’s scope includes the excavation, loading, and transportation of pond ash and bottom ash, which are typically generated from coal-fired power plants. These materials require specialized handling and transportation to designated disposal or utilization sites.
Refex Industries Limited is engaged in providing services related to the handling and management of industrial byproducts, including ash management. The company focuses on expanding its service offerings in the industrial sector, leveraging its expertise in logistics and environmental management to secure contracts and enhance its operational capabilities.