Refex Industries Limited has officially disclosed under Regulation 30 of the SEBI Listing Regulations that it has bagged a slab-wise rate contract for ash transportation. The project involves the excavation, loading, and mechanical transportation of pond ash from ash dykes using covered vehicles to road construction sites, flyover embankments, and other government-approved projects.

The contract has been awarded by a domestic Maharatna Central Public Sector Enterprise, which operates as a major power producer. The total estimated consideration or size of this order stands at approximately INR 27.475 Crore, inclusive of GST. The execution period for this critical rate contract is set for 12 months, supporting infrastructure development like NHAI road projects and PMGSY road construction initiatives.

Refex Industries Limited is a prominent enterprise primarily engaged in environmental solutions, refrigerant gases, industrial gases, and ash-handling services. Demonstrating strong organizational culture and progress, the company received the Great Place to Work certification in India for April 2026 to April 2027. The company continues to solidify its operational footprint across multiple industrial and energy-related sectors.

For the quarter ending March 2026 (Q4 FY25-26), Refex Industries reported robust financial growth with total income reaching INR 938.10 Crores, displaying a 61.2% quarter-on-quarter increase. The company’s profit after tax (PAT) grew significantly to INR 94.45 Crores, representing a 79.2% increase QoQ. Famous institutional and public investors hold stakes in the enterprise as part of its widespread public market participation, boosting shareholder value and confidence.