Refex Industries Wins Rs 16.56 Crore NHAI Fly Ash Transportation Order

Chennai, November 14, 2025: Refex Industries Limited has secured a significant order worth ₹16.56 crore from the National Highways Authority of India (NHAI) for transporting pond and fly ash for a road infrastructure project. The new order underscores the company’s growing presence in the logistics and construction material transport sector, strengthening its revenue visibility and operational footprint in key infrastructure projects.

Refex Industries is an Indian company that is registered on both the Bombay Stock Exchange and the National Stock Exchange. The company specialises in industrial gases, fly ash management, refrigerant gases, and renewable energy-related services. The company steadily expanded its presence in the environmental and infrastructure support sectors.

Company Secures New Fly Ash Order 

Refex Industries announced that it has secured a ₹16.56 crore contract for transporting pond and fly ash for an NHAI road project. Awarded by a state-owned power generation company, the order will be executed over the next four months. This contract strengthens the company’s material handling and ash management segment, a rapidly growing area in infrastructure-linked projects.

Share Price Update

The share price of Refex Industries Limited closed at Rs. 353.95. This was a 0.60% gain on Friday. The company’s shares have declined 28.23% over the past year, 14% in the last six months, and 0.72% in the past five days. On Friday, the stock opened at ₹352.70, reaching a high of ₹357.85 and a low of ₹350.05. The company’s market capitalization stands at ₹4,876 crore, with a P/E ratio of 28.52.

REF: https://nsearchives.nseindia.com/corporate/REFEX2002_14112025120726_RIL_Chattisgarh_Genco.pdf

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