Refex Industries Bags ₹30.12 Crore Order for Transportation of Pond Ash to NHAI Projects

Refex Industries Limited (RIL) has announced that it has received an order worth approximately ₹30.12 crore from a major public sector power producer.

The order involves the transportation of pond ash to National Highways Authority of India (NHAI) road projects, reinforcing the company’s growing presence in the environmental and infrastructure logistics sector.

Details of the New Contract

The order has been awarded by a domestic public sector undertaking (PSU) and pertains specifically to the transportation of pond ash for NHAI road development projects. 

The execution period for the contract is 5 months, highlighting Refex Industries’ strong operational capabilities and project management expertise. This order aligns with India’s sustainability focus on efficient ash utilisation in infrastructure projects.

Strategic Significance of the Order

This latest contract win underscores Refex Industries’ continued diversification beyond its core businesses of refrigerant gases, solar power, and coal ash management. 

By facilitating the transportation of pond ash for road construction, the company contributes to environmentally responsible waste management and infrastructure growth in India.

Read More: Rail Vikas Nigam Emerges Lowest Bidder for ₹272 Crore Railway Electrification Contract!

About Refex Industries Limited

Refex Industries Limited, headquartered in Chennai, is a diversified company operating across multiple segments, including refrigerant gases, renewable energy, and coal ash utilisation. Over the years, Refex has established itself as a key player in providing sustainable solutions for industrial and infrastructure projects.

The company continues to play a pivotal role in environmental management by enabling the reuse of industrial by-products like fly ash and pond ash.

Execution Timeline and Outlook

The ₹30.12 crore transportation project is scheduled for completion within 5 months from the date of award. 

Successful execution will further strengthen Refex’s credentials in ash logistics and infrastructure support, contributing to the company’s revenue growth and operational expansion in the sustainable materials segment.

Refex Industries Limited Share Price Performance

On November 7, 2025, Refex Industries share price opened at ₹364.80 on NSE, below the previous close of ₹368.85. During the day, it surged to ₹366.90 and dipped to ₹352.80. The stock is trading at ₹357.40 as of 2:59 PM. The stock registered a significant decline of 3.10%.

Over the past week, it has declined by 2.93%, over the past month, it has declined by 1.65%, and over the past 3 months, it has declined by 14.39%.

Conclusion

Refex Industries’ latest ₹30.12 crore contract for the transportation of pond ash to NHAI projects marks another step forward in its commitment to environmental sustainability and infrastructure development. 

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