Refex Industries Limited (RIL) has announced the receipt of a major contract worth ₹300 crore from a large mining entity based in Jharkhand. The contract involves the removal of overburden (OB), excavation and transportation of coal, marking a significant achievement for the company’s coal handling and logistics operations segment.
According to the company’s filing with the BSE and NSE on October 24, 2025, the project has been awarded by a domestic mining entity and falls under the category of domestic contracts. The scope of work covers the complete removal of overburden, excavation and transportation of coal from the mining site in Jharkhand. The total value of the order stands at ₹300 crore, with an execution period of 8 months and an optional extension of up to 4 years.
Refex Industries clarified that neither the promoter group nor related companies have any interest in the entity awarding the contract, and it does not qualify as a related party transaction.
This order adds to Refex Industries’ growing presence in the mining services domain. The company has been diversifying its portfolio from its traditional refrigerant gas business into areas such as coal handling, fly ash management and renewable energy. The new project reinforces its capabilities in bulk material handling and resource logistics.
The project’s long-term extension provision further enhances revenue visibility and operational sustainability for the company, reflecting its strong execution capabilities and expanding footprint in India’s mining sector.
Read More:India’s Coal Imports Down 0.6% in August, Coking Coal on the Rise!
On October 24, 2025, Refex Industries share price opened at ₹353.70 on NSE, above the previous close of ₹350.20. During the day, it surged to ₹377.80 and dipped to ₹347.80. The stock is trading at ₹361.45 as of 1:39 PM. The stock registered a significant gain of 3.21%.
Over the past week, it has moved up by 4.12%, over the past month, it has declined by 9.74%, and over the past 3 months, it has declined by 12.99%.
The ₹300 crore Jharkhand mining order underscores Refex Industries’ operational expertise and strategic diversification. By securing large-scale infrastructure projects, the company continues to reinforce its position as a dynamic player in India’s industrial and energy services sector.
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Published on: Oct 24, 2025, 3:29 PM IST
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