Refex Industries Bags ₹160 Crore Contract for 10 MT Pond Ash and Fly Ash Lifting
Refex Industries Limited (NSE: REFEX, BSE: 532884) has secured a contract worth approximately ₹160 crore for lifting 10 million tonnes (MT) of pond ash and fly ash under the Road-cum-Rail (RCR) mode.
The company disclosed the order in a regulatory filing dated September 19, 2026. The contract has been awarded by a public sector undertaking (PSU) in Madhya Pradesh.
Under the contract, Refex Industries will undertake the lifting of 10 MT of pond ash and fly ash, with the quantity extendable by mutual consent. The execution period is 18 months, which may also be extended by mutual consent.
Key Highlights of the Refex Industries Order
|
Particulars |
Details |
|---|---|
|
Company |
Refex Industries Limited |
|
NSE Symbol |
REFEX |
|
BSE Code |
532884 |
|
Order Value |
Approximately ₹160 crore |
|
Contract Awarding Entity |
PSU in Madhya Pradesh |
|
Scope of Work |
Lifting of pond ash and fly ash |
|
Contract Quantity |
10 MT, extendable by mutual consent |
|
Execution Mode |
Road-cum-Rail (RCR) |
|
Execution Period |
18 months, extendable by mutual consent |
|
Order Type |
Domestic contract |
Contract Scope and Execution Timeline
The contract involves the lifting of pond ash and fly ash through the Road-cum-Rail (RCR) transportation mode.
The initial scope covers 10 MT of material, with the possibility of extending the quantity subject to mutual consent between the parties.
The order is scheduled to be executed over 18 months. The execution timeline may also be extended through mutual consent.
The company has disclosed the approximate contract value at ₹160 crore.
Order Award and Related-Party Details
The contract has been awarded by a domestic public sector undertaking based in Madhya Pradesh.
Refex Industries has clarified that:
-
The promoter or promoter group has no interest in the entity awarding the contract.
-
The contract does not fall under related-party transactions.
What the ₹160 Crore Order Means for Refex Industries
The contract adds a sizeable order to Refex Industries’ business pipeline in pond ash and fly ash handling.
With an execution period of 18 months, the order provides a defined contract window for carrying out the lifting activity. The possibility of extending the quantity or execution period is subject to mutual consent.
Investors tracking Refex Industries may monitor the execution of the contract and any subsequent company disclosures regarding additional quantities or extensions.
The filing does not specify the expected profit margin, payment schedule, or quarter-wise revenue recognition from the contract.
Conclusion
Refex Industries Limited has secured an approximately ₹160 crore domestic contract from a Madhya Pradesh PSU for lifting 10 MT of pond ash and fly ash under the Road-cum-Rail mode.
The contract is scheduled for execution over 18 months, with provisions for mutually agreed extensions in quantity and timeline. Investors can track the order’s execution and its eventual contribution to the company’s financial performance.