Refex Industries Share Price Surges Over 3% on ₹250 Crore Contract from GENCO

Refex Industries Limited has received a work order valued at ₹250 crore for ash disposal and system maintenance from a state-owned power generation company (GENCO). The company made the announcement through a regulatory filing dated July 7, 2025.

The contract has a tenure of 3 years and is valid up to March 31, 2028. It has been awarded by a domestic GENCO. Refex confirmed that the deal does not involve any related-party transaction.

Scope of Work

Under the contract, Refex will be responsible for the operation and maintenance (O&M) of the existing ash handling system. This includes managing system spares and daily lifting of fly ash, pond ash, and hydrobin ash from the power facility.

No Promoter Interest

In its disclosure, the company stated that there is no interest from its promoters, promoter group, or group companies in the awarding entity. The transaction was carried out independently and does not involve any affiliated parties.

Background and Classification

The order is classified as a domestic order and falls under the category of comprehensive ash disposal and system maintenance services. It is part of the company’s work in the industrial and environmental operations segment.

Refex Industries Share Price Performance 

As of 09:30 AM on July 8, 2025, Refex Industries share price was at ₹460.85, a 3.67% increase. The stock is down 11.42% over the past 6 months and up 115.14% over the past year.

Conclusion

The ₹250 crore order adds to Refex’s ongoing contracts in the industrial services space. The work involves routine operational duties tied to ash handling systems in a state-run power setup, to be executed over a 3-year period ending March 2028.

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