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