Refex Industries Secures ₹30.12 Crore Order from PSU Power Producer for Ash Transportation

Refex Industries Limited, a diversified conglomerate, announced on November 7, 2025, that it has secured an order valued at ₹30.12 crore from a major Public Sector Undertaking (PSU) power producer. The scope of this contract involves the transportation of pond ash, a byproduct of thermal power generation, to support National Highways Authority of India (NHAI) road development projects. The execution timeline for the initial phase is set for five months, with a provision for an extension period of up to four years, suggesting a potential long-term engagement. Refex Industries diversified into the coal and ash management business in 2018, offering services such as coal supply, yard management, and ash transportation and disposal. This segment has shown strong performance, with revenues from ash and coal handling reaching ₹408 crore in the quarter ended June 2025. In the first quarter of FY26, the company reported a standalone net profit surge of 57% to ₹71 crore, despite a marginal decrease in overall revenue from operations.\n\nImpact: This substantial order is poised to significantly contribute to Refex Industries' top and bottom lines, particularly strengthening its coal and ash management division. The extended duration of the project offers revenue visibility and reinforces the company's operational capabilities in infrastructure support services. Investors are likely to view this development positively, potentially influencing market sentiment and the company's stock valuation. The order aligns with the company's strategy to expand its service offerings in industrial logistics and environmental management.\nRating: 7/10\n\nDifficult Terms:\nPSU: Public Sector Undertaking. An enterprise wholly or partly owned by the government.\nPond Ash: Ash produced from thermal power plants, typically stored in ponds.\nNHAI: National Highways Authority of India. A statutory body responsible for the development, maintenance, and management of national highways in India.\nConglomerate: A large corporation formed by the merging of different, often unrelated, companies.\nClean Mobility: Technologies and solutions aimed at reducing the environmental impact of transportation.\nRenewable Energy: Energy from sources that are naturally replenished, such as solar, wind, and hydro power.\nIncineration: The process of burning waste materials at high temperatures.\nStandalone Net Profit: The profit earned by a company from its own operations, excluding any profits or losses from its subsidiaries.\nRevenue from Operations: The total income generated by a company from its primary business activities before deducting expenses.