Refex Industries Secures Rs 211.5 Million Ash Transport Order
RAILWAYS & METRO RAIL

Refex Industries Secures Rs 211.5 Million Ash Transport Order

Chennai-based Refex Industries said it has secured an order worth about Rs 211.5 million (mn) from a Maharatna Central Public Sector Enterprise to transport ash to road construction sites. The contract covers work for National Highways Authority of India projects and for Central and State government road departments and PMGSY schemes. The award, placed by a domestic entity, does not involve any related-party transaction and is scheduled to be executed over 12 months.

The scope of work includes collection and transportation of ash to construction locations for road projects, a service aligned with the company's existing operations in ash and coal handling. Refex Industries has developed a portfolio that also includes wind energy and green mobility solutions and will deploy resources from its Chennai base for this contract. The firm described the order as part of ongoing efforts to expand infrastructure services.

In financial performance the company reported a consolidated net profit rise of 87.96 per cent in the fourth quarter of fiscal year 2026 to Rs 908.2 million (mn) on a 57.14 per cent increase in revenue from operations to Rs 9.3417 billion (bn) compared with the same period the previous year. The results reflect growth across core segments and follow contracts secured in the infrastructure and renewable energy spaces. The figures underline a marked improvement in operating momentum.

Shares of Refex Industries rose 3.03 per cent to settle at Rs 348.10 on 25 June 2026. The company noted the Indian stock market was closed on 26 June 2026 for the Muharram holiday. The order reinforces the company's positioning in infrastructure logistics and complements its several recent contract wins.

Chennai-based Refex Industries said it has secured an order worth about Rs 211.5 million (mn) from a Maharatna Central Public Sector Enterprise to transport ash to road construction sites. The contract covers work for National Highways Authority of India projects and for Central and State government road departments and PMGSY schemes. The award, placed by a domestic entity, does not involve any related-party transaction and is scheduled to be executed over 12 months. The scope of work includes collection and transportation of ash to construction locations for road projects, a service aligned with the company's existing operations in ash and coal handling. Refex Industries has developed a portfolio that also includes wind energy and green mobility solutions and will deploy resources from its Chennai base for this contract. The firm described the order as part of ongoing efforts to expand infrastructure services. In financial performance the company reported a consolidated net profit rise of 87.96 per cent in the fourth quarter of fiscal year 2026 to Rs 908.2 million (mn) on a 57.14 per cent increase in revenue from operations to Rs 9.3417 billion (bn) compared with the same period the previous year. The results reflect growth across core segments and follow contracts secured in the infrastructure and renewable energy spaces. The figures underline a marked improvement in operating momentum. Shares of Refex Industries rose 3.03 per cent to settle at Rs 348.10 on 25 June 2026. The company noted the Indian stock market was closed on 26 June 2026 for the Muharram holiday. The order reinforces the company's positioning in infrastructure logistics and complements its several recent contract wins.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code