Synopsis:
Refex Industries Ltd bags orders for comprehensive ash disposal along with operational and maintenance of fly ash systems from prominent GENCO, worth Rs. 250 Cr.
The small-cap stock, known for trading eco-friendly refrigerant gases and offering complete solutions for coal procurement and ash disposal, rose 3.23 percent after securing orders worth Rs 250 crore.
With a market capitalization of Rs.5,842 Crores, shares of Refex Industries Ltd opened at Rs.458.75 per equity share, from its previous day’s closing price of Rs. 444.15.
Whats the news
Refex Industries Ltd has bagged a Rs 250 crore order from a state owned GENCO for ash disposal and O&M of fly ash systems. The three year contract includes daily handling of fly ash, pond ash, and hydrobin ash, along with maintenance of ash handling systems.
This deal highlights Refex’s industries expertise in environmental services and strengthens its role in the infrastructure sector.Refex Industries Ltd will also maintain existing ash handling systems and spares, showcasing its strong capabilities in utility and environmental management. This order adds to a growing list of environmental service projects and reinforces its position as a key player in the infrastructure and industrial sustainability sector.
The company has established a strong presence across three major sectors through its diverse client base. In the thermal power segment, it serves industry leaders such as NTPC, Adani Power, and Aditya Birla.
In the cement industry, its clients include UltraTech, Shree Cement, Dalmia Cement, and ACC. Additionally, in the infrastructure and construction space, it works with key concessionaires like Gawar Construction Ltd and Larsen & Toubro (L&T), among others.
The company’s revenue from operations surged from Rs. 1,383 crores in FY24 reaching Rs.2,468 crores in FY25, reflecting strong business growth. Net profit also rose from Rs. 93 crores to Rs. 158 crores, indicating better cost management and profitability. These figures highlight a solid improvement in both revenue and overall financial performance.
Written by Sudeep Kumbar
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