Refex Industries Wins ₹300 Crore Mining Contract in Jharkhand
Filing Summary
Refex Industries Limited announced that it has received a ₹300 crore order from a large mining entity in Jharkhand for removal of overburden (OB), excavation, and transportation of coal. The contract is for 8 months with a possible extension of 4 years. The order is from a domestic entity and does not fall under related party transactions. The project expands Refex Industries’ mining and excavation portfolio, which includes coal transportation and handling services for industrial and power sector clients across India.
Refex Industries Limited has announced that it has received an order valued at approximately ₹300 crore from a large mining entity in Jharkhand. The order involves the removal of overburden (OB), excavation, and transportation of coal.
The company disclosed this information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular dated November 11, 2024.
As per the details provided in the filing, the scope of work includes comprehensive mining operations comprising the removal of OB, coal excavation, and subsequent transportation. The order has been awarded by a domestic entity, and the contract tenure is 8 months, with a provision for an extension of up to 4 years.
The company confirmed that this order does not involve any related party transaction, and none of the promoters, promoter group, or group companies of Refex Industries have any interest in the entity awarding the contract.
The order strengthens Refex Industries’ mining services portfolio, which includes projects across coal excavation, transportation, and mine management operations. The company continues to execute projects for power producers and industrial clients across India.
About the Order
• Client: Large mining entity (Name undisclosed)
• Location: Jharkhand
• Order Value: ₹300 crore
• Scope: Removal of overburden, coal excavation, and transportation
• Duration: 8 months + 4-year extension option
• Type: Domestic order
• Transaction Type: Not a related party transaction
This order adds to the company’s existing portfolio of mining and excavation contracts in India, furthering its presence in coal handling and logistics operations.
About Refex Industries Limited
Refex Industries Limited is an Indian company engaged in diversified businesses across refrigerant gases, power generation, fly ash handling, and mining services. The company undertakes projects related to coal handling, ash management, and excavation services for power and mining companies. Refex Industries has expanded its operational footprint across several states, with key focus areas in energy, infrastructure, and industrial waste management.