The contract, awarded by a domestic entity, is to be executed over a period of 4 months.

The company confirmed that neither its promoters nor promoter group companies have any interest in the awarding entity, and the order does not qualify as a related-party transaction.

Chennai-based Refex Industries has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions.

The company’s consolidated net profit jumped 20.5% to Rs 37.44 crore despite 0.3% decline in revenue from operations to Rs 426.85 crore in Q2 Sept 2025 over Q2 Sept 2024.

Shares of Refex Industries fell 3.52% to currently traded at Rs 294.55 on the BSE.