Refex Industries Share Price in Focus; Bags ₹21.15 Crore Ash Transportation Order

Refex Industries Ltd has received a contract worth around ₹21.15 crore from a Maharatna Central Public Sector Enterprise (CPSE) for transporting ash to road construction sites. The work will be carried out over the next 12 months, according to the company's stock exchange filing dated June 26, 2026. 

Work Covers Government Road Projects 

The contract involves transporting ash for projects undertaken by the National Highways Authority of India (NHAI), Central and State Government road construction departments, and Pradhan Mantri Gram Sadak Yojana (PMGSY)projects. The order has been awarded by a domestic entity and will be executed within India. 

Ash to Be Moved from Power Plants 

Ash generated by thermal power plants is widely used in embankments and other road construction works. Under the agreement, Refex Industries will transport the material from the power producer to designated project locations. The filing identifies the customer only as a major power producer with Maharatna status. 

Regulatory Disclosure 

The company made the announcement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. It stated that the promoter and promoter group have no interest in the entity awarding the contract. It also confirmed that the transaction is not a related-party transaction. 

Read More: Hindustan Zinc’s Rampura Agucha Becomes India’s First Zinc Mark Certified Mine! 

Refex Industries Share Price Performance  

As of June 25, 2026, 3:30 pm, Refex Industries share price closed at ₹348.35, up 3.03% from the previous closing price. 

Conclusion 

The contract is valued at approximately ₹21.15 crore and is scheduled for execution over 12 months. It covers ash transportation for road projects being undertaken by NHAI, PMGSY and other Central and State Government road construction authorities. 

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