Refex Wins Rs 328.9 Million NHAI Ash Transport Contract

04 Dec 2025 CW Team

Refex Industries Ltd has secured a major domestic contract worth Rs 328.9 million to transport pond ash for National Highways Authority of India (NHAI) road development projects. The work is scheduled to be completed within five months.

The Chennai-based company is expanding its footprint in industrial services, particularly in ash and coal handling. Refex Industries also operates in renewable energy and green mobility, supporting broader national infrastructure and sustainability goals.

The company reported a strong financial performance in Q2 FY 2025–26, posting a 20.5 per cent increase in consolidated net profit to Rs 374.4 million. Operating revenue dipped marginally by 0.3 per cent to Rs 4.27 billion compared with the same quarter last year.

Investor sentiment remained positive following the contract win. Refex Industries’ shares closed 8.23 per cent higher at Rs 346.70 on the BSE on Friday, after touching intraday gains during the session.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..