Refex Industries Share Price Surges Over 12% on Securing ₹100 Crore Order

Refex Industries has announced a new domestic ash-handling contract valued at approximately ₹100 crore, marking another addition to its project pipeline and strengthening its ongoing operational activity. 

New Order Awarded to Refex Industries 

The company confirmed receiving a work order from a major Indian business conglomerate for excavation, loading and transportation of pond ash and bottom ash.  

The assignment carries an execution period of 4 months and reflects continued demand for the company’s material-handling capabilities. Refex stated that the order does not involve any promoter or group entity and is not classified as a related-party transaction. 

Company Background and Operational Focus 

Refex Industries operates across a range of industrial service areas with a strong presence in ash-handling activities. The company said the newly awarded contract fits within its established expertise and supports its ongoing efforts to expand its domestic project portfolio.  

The announcement was issued by Ankit Poddar, Company Secretary of Refex Industries Limited. 

Read More: Indo Tech Transformers Share Price Surges 2%; Bags ₹91.26 Crore Order for NTPC Projects! 

Refex Industries Share Price Performance  

As of November 28, 2025, at 10:39 AM, Refex Industries share price is trading at ₹361.90 per share, reflecting a gain of 12.95% from the previous closing price.  

Conclusion 

With this ₹100 crore order in hand, Refex Industries continues to strengthen its project execution pipeline and further extend its presence in industrial material-handling services. 

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