Refex Industries’ Order Analyzed

Refex Industries has secured a significant contract worth roughly ₹27.50 crore. This order comes from a large, government-owned power company (a PSU). The work involves transporting pond ash to projects being built by the National Highway Authority of India (NHAI) – it’s expected to take around 4 months.

Key Points

• Refex won a ₹27.5 crore contract for NHAI road projects.
• The contract duration is 4 months, for crucial ash transport.
• A domestic PSU awarded the contract, highlighting local demand.
• Refex’s profits rose 20.5% to ₹37.44 crore in Q2 2025.
• Revenue decreased slightly by 0.3% to ₹426.85 crore.
• Share price dropped 3.52% to ₹294.55 on the BSE market.

Company Overview

Refex Industries operates in several important areas. They specialize in handling ash and coal, offer wind energy solutions, and are developing green mobility products. This diversified approach demonstrates their growth strategy within the renewable energy sector.

Financial Performance

Despite a small drop in total revenue, Refex Industries reported a strong increase in its net profit. The company’s consolidated net profit jumped by 20.5% to ₹37.44 crore for the quarter ending September 2025. This indicates strong operational efficiency despite market fluctuations.

Share Price Movement

Following the announcement, Refex Industries’ share price experienced a decline. The stock decreased by 3.52% and currently trades at ₹294.55 on the Bombay Stock Exchange (BSE). This price movement suggests investor caution, warranting further observation.

This contract win and financial performance underscore Refex Industries’ potential for continued growth within the expanding Indian infrastructure and renewable energy sectors.