Refex Industries Wins Rs 0.28 Billion Ash Transport Order

19 Dec 2025 CW Team

Refex Industries Limited has secured an order worth Rs 0.28 billion from a public sector power company for the transportation of pond ash to road projects undertaken by the National Highways Authority of India, the company said in an exchange filing.

The contract will be executed over a four-month period and has been awarded by a domestic public sector entity. Refex Industries clarified that neither its promoters nor promoter group companies have any interest in the awarding authority and that the transaction does not qualify as a related-party deal.

Headquartered in Chennai, Refex Industries operates across multiple segments, including ash and coal handling, wind energy and green mobility solutions, supporting both infrastructure development and sustainability initiatives.

For the quarter ended September 2025, the company reported a 20.5 per cent year-on-year increase in consolidated net profit to Rs 0.37 billion. Revenue from operations, however, declined marginally by 0.3 per cent to Rs 4.27 billion during the same period.

At the time of reporting, shares of Refex Industries were trading 3.52 per cent lower on the BSE at Rs 294.55.

Infrastructure Energy

18 Feb 2026

Larsen & Toubro To Divest Nabha Power To Torrent Power

Larsen & Toubro Limited, hereafter L&T, has agreed to divest its entire stake in Nabha Power Limited to Torrent Power Limited, with the companies announcing the transaction. The deal will transfer ownership of the thermal power project and associated assets to Torrent Power as part of L&T's portfolio rationalisation. L&T is a US dollar 30 bn Indian multinational engaged in engineering, procurement and construction projects, hi-tech manufacturing and services across multiple geographies. The company attributes its market position to a strong customer-focused approach and sustained quality over ..

Centre Approves Road Projects Worth Over Rs110 bn

The central government has approved road projects worth over Rs110 bn across Maharashtra, Gujarat and Telangana, according to the Ministry of Road Transport and Highways. The approvals follow a cabinet committee decision and are intended to improve connectivity and reduce travel times on key corridors. The package covers multiple stretches of national highways and involves both construction and widening works. In Gujarat, the ministry approved construction of four-lane sections on the Dhamasiya-Bitada/Movi and Nasarpore-Malotha stretches at a combined capital cost of about Rs45.84 bn. The prin..

Prime Minister Inaugurates India AI Impact Expo 2026

Prime Minister Narendra Modi inaugurated the India AI Impact Expo 2026 at Bharat Mandapam in New Delhi, opening a national platform for Artificial Intelligence (AI) demonstration and dialogue. The event brought together innovators, researchers and technology enthusiasts from across the country and abroad to showcase applications and research. The inauguration underscored the government’s intent to position India as a significant contributor to global AI development. The prime minister noted in a post on X that being among innovators, researchers and tech enthusiasts offered a clear view of t..