Refex bags INR 300 crore Jharkhand coal mining services order

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REFEX · price

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Price reactionminutes from the announcement price · days from the prior close

+4.0%Reaction day

₹350.90

prior close

₹369.65

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.3%+4.3% vs market

Waste Management peers, median of 7sector-0.5%+4.5% vs sector

On the reaction day the stock moved 4.3 pts more than Nifty Microcap 250 and 4.5 pts more than its Waste Management peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.0-0.3+4.3-0.5+4.5

Next day

+2.2+0.1+2.2-0.7+3.0

+1.8+0.3+1.5-0.3+2.1

+1.6+0.8+0.9+0.8+0.8

+3.7+0.6+3.1-1.2+4.9

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+7.1+0.5+6.6-2.3+9.4

15d

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-7.7-3.5-4.2-16.1+8.5

-23.6-5.0-18.6-9.9-13.7

-37.3-13.4-23.9-17.7-19.6

UpDownMarket · Nifty Microcap 250Sector · Waste Management peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Refex Industries has received a domestic order worth INR 300 crore from a large mining entity in Jharkhand for overburden removal, coal excavation and transportation. The initial execution period is eight months, extendable by four years. The counterparty has no promoter or related-party connection.

Likely market impact

The order adds a long-duration domestic contract and may support revenue visibility, though margins and payment terms were not disclosed.