+
Refex Industries Secures Rs 209.4 mn Ash Transport Order
ROADS & HIGHWAYS

Refex Industries Secures Rs 209.4 mn Ash Transport Order

Refex Industries has secured a domestic order worth Rs 209.4 million (Rs 20.94 crore; Rs 209.4 mn) from a Maharashtra based entity for ash transportation. The contract covers movement of ash to construction sites for road projects undertaken by the National Highways Authority of India and other central and state government road construction departments as well as Pradhan Mantri Gram Sadak Yojana projects. The assignment will be executed over a period of 12 months. The company stated that neither its promoter nor promoter group entities have any interest in the awarding entity and that the order does not constitute a related party transaction.

Chennai based Refex Industries has developed a portfolio spanning ash and coal handling, wind energy and green mobility solutions. The company will deploy existing logistics and handling capabilities to fulfil the contract requirements. The order aligns with its focus on infrastructure services and materials transportation.

Refex reported consolidated net profit surged by 87.96 per cent to Rs 908.2 million (Rs 90.82 crore; Rs 908.2 mn) in the fourth quarter of fiscal 2026 over the corresponding quarter a year earlier, on a 57.14 per cent rise in revenue from operations to Rs 9.3417 billion (Rs 934.17 crore; Rs 9.3417 bn). The results underscored strong demand across its business segments and higher utilisation of assets. Management described the quarter as reflecting improved operational performance.

Shares of Refex Industries fell by 1.12 per cent and closed at Rs 347.70 on the BSE. The company will execute the contract during the coming year and the order will add to its near term revenue visibility. The transaction is modest in scale relative to the company's broader order book but is incremental to its services pipeline.

Refex Industries has secured a domestic order worth Rs 209.4 million (Rs 20.94 crore; Rs 209.4 mn) from a Maharashtra based entity for ash transportation. The contract covers movement of ash to construction sites for road projects undertaken by the National Highways Authority of India and other central and state government road construction departments as well as Pradhan Mantri Gram Sadak Yojana projects. The assignment will be executed over a period of 12 months. The company stated that neither its promoter nor promoter group entities have any interest in the awarding entity and that the order does not constitute a related party transaction. Chennai based Refex Industries has developed a portfolio spanning ash and coal handling, wind energy and green mobility solutions. The company will deploy existing logistics and handling capabilities to fulfil the contract requirements. The order aligns with its focus on infrastructure services and materials transportation. Refex reported consolidated net profit surged by 87.96 per cent to Rs 908.2 million (Rs 90.82 crore; Rs 908.2 mn) in the fourth quarter of fiscal 2026 over the corresponding quarter a year earlier, on a 57.14 per cent rise in revenue from operations to Rs 9.3417 billion (Rs 934.17 crore; Rs 9.3417 bn). The results underscored strong demand across its business segments and higher utilisation of assets. Management described the quarter as reflecting improved operational performance. Shares of Refex Industries fell by 1.12 per cent and closed at Rs 347.70 on the BSE. The company will execute the contract during the coming year and the order will add to its near term revenue visibility. The transaction is modest in scale relative to the company's broader order book but is incremental to its services pipeline.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code