Refex Industries Secures INR 25 Cr Pond Ash Transport Deal 🚚

Big news from the industrial sector! Refex Industries Limited (REFEX) just bagged a significant contract that’s sure to get investors talking. The company announced it has secured an order for the transportation of pond ash, a key byproduct from power generation.

This isn’t just any order; it’s a substantial ₹25 crore deal from the Andhra Pradesh Power Development Company Limited. Refex Industries will be responsible for the logistics and transportation of this pond ash over a period of three months. This win highlights Refex’s growing capabilities in the domestic logistics and services sector, particularly in handling industrial byproducts.

For those unfamiliar, pond ash is essentially the ash collected from coal-fired power plants, often stored in ponds. Its transportation is crucial, whether for safe disposal or for its reuse in various applications like cement manufacturing or brick production, contributing to sustainable practices.

This new contract is a clear indicator of Refex Industries’ expanding footprint and its ability to secure valuable domestic projects. It’s a solid revenue stream for the company’s services segment.

On the market front, Refex Industries (REFEX) shares saw a positive movement, ticking up 1.3% to ₹368.9 around the time of this exciting announcement. It’s always good to see a company securing new business, especially one of this scale!

Keep an eye on Refex as they continue to strengthen their position in the industrial services landscape. What do you think about this latest win? Let us know! 👇

source: Corporate Announcement

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