What is the value of the new order Refex Industries received?

Refex Industries received a new order worth ₹100 crore.

What services does Refex Industries provide under the new contract?

The company will handle excavation, loading, and transportation of pond ash and bottom ash.

How long is the project duration for Refex Industries' ash contract?

The project is scheduled for execution within four months, with an extension period of up to four years.

Home / Business and Economy / Refex Industries Secures ₹100 Crore Ash Handling Order

Refex Industries Secures ₹100 Crore Ash Handling Order

28 Nov

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Summary

Refex Industries secured a ₹100 crore order for ash management.
The project involves excavation, loading, and transportation of ash.
The contract has a four-month execution period with an extension option.

Refex Industries Secures ₹100 Crore Ash Handling Order

Refex Industries Limited has announced a major business win, securing an order valued at ₹100 crore. This contract involves comprehensive ash management services, including the excavation, loading, and transportation of pond ash and bottom ash. The agreement was made with a large, unnamed business conglomerate, highlighting the company's expanding role in the energy sector's waste management.

The project's timeline includes an initial four-month execution period, with provisions for an extension that could last up to four years. This extended timeframe suggests a significant, long-term engagement. Refex Industries has seen substantial growth in its coal and ash handling operations, with revenues soaring in recent quarters, demonstrating a robust performance in this segment.

The conglomerate itself has diverse interests, including refrigerant gases and renewable energy, and ventured into coal and ash management in 2018. This strategic move by Refex solidifies its position in the essential services sector, driven by increasing demand for efficient ash disposal and management solutions in the power industry.