Refex Industries Share Price Surges on ₹50 Crore Order from NTPC

Refex Industries Limited has received an order from NTPC Limited for the transportation and unloading of pond ash, as per the exchange filing. The contract is valued at around ₹50 crore. The scope involves handling and logistics services for NTPC’s power plant facilities within India.

Project Execution Timeline

The contract is scheduled to be executed over a period of 1 year. NTPC may choose to extend the duration by an additional 6 months, based on operational requirements. The extension, if any, will be at the discretion of NTPC’s Engineer-in-Charge.

This is a domestic contract. It does not involve any international operations or cross-border logistics. The order was awarded directly by NTPC, which is a government-owned entity.

No Promoter Involvement

Refex Industries clarified that the order does not fall under related party transactions. There is no interest from the promoter group or associated companies in NTPC Limited. The contract was secured independently, with no affiliations involved.

The company submitted the update under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements. 

Read more: Refex Industries Secures ₹250 Crore Contract from GENCO!

Refex Industries Share Price Performance

As of 9:55 AM on August 4, 2025, Refex Industries share price was trading at ₹421.95, a 0.81% increase.

Conclusion

The order adds to Refex Industries’ work in industrial and utility-based logistics. The project timeline, scope, and financial details were shared through formal exchange filings. There are no related party concerns or promoter group interests in the awarding entity.

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