Refex Industries Bags ₹49.22 Crore Order from Mini Ratna Company; Shares Rise 1.32%

Refex Industries Limited on 17 February 2026 announced that it has secured a ₹49.22 crore order for material handling and transit operations for bulk commodity material, triggering buying interest in the counter during Tuesday’s session.

The contract, awarded by a domestic Mini Ratna company, will be executed over a period of three years, according to the company’s disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

A similar order announcement in the past has typically resulted in near-term trading activity in the stock, although execution timelines and revenue recognition remain subject to contractual terms.

Refex Industries Order Details And Regulatory Disclosure

In its exchange filing dated 17 February 2026, Refex Industries said the scope of work includes material handling and transit operations for bulk commodity material.

The broad consideration for the contract stands at ₹49.22 crore. The company confirmed that the awarding entity is a domestic organisation and clarified that neither the promoter nor the promoter group has any interest in the entity awarding the contract.

It further stated that the transaction does not fall within related party transactions.

Material handling and transit operations generally involve logistics support, cargo movement and associated operational services for bulk commodities, which may contribute to revenue visibility over the contract tenure.

Refex Industries Stock Market Snapshot 

As of 12:45 pm IST on 17 February 2026, Refex Industries shares were trading at ₹236.58 on the NSE, up ₹3.08 or 1.32% from the previous close of ₹233.50.

The stock opened at ₹233.50 and touched a high of ₹237.10 and a low of ₹231.14 so far during the session. The 52-week high and low stand at ₹534.00 and ₹209.69, respectively.

Company Background

Refex Industries Limited operates across segments, including logistics and related operational services, with a presence in handling and management of bulk commodity materials.

The latest ₹49.22 crore order, adding to its disclosed order book, is scheduled for execution over three years.

The ₹49.22 crore order strengthens Refex Industries’ order pipeline and provides medium-term revenue visibility over the next three years. Investors may watch for execution progress and its contribution to segmental revenues in subsequent quarterly disclosures, in line with further regulatory updates from the company.

Source: 

• https://nsearchives.nseindia.com/corporate/REFEX2002_17022026124158_RIL_Order_Feb172026_sd.pdf
• https://www.nseindia.com/get-quote/equity/REFEX/Refex-Industries-Limited