Refex Industries bags ash transportation contract worth about INR 40.83 Crore

Government or defence orderBusiness Updates View source PDF Explain this filing

REFEX · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+1.4%Reaction day

₹292.90

prior close

₹298.00

announcement price

In-mkt

timing

Nifty Microcap 250market+0.1%+1.3% vs market

Waste Management peers, median of 7sector-0.9%+2.3% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 2.3 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

+0.2

10m

-0.3

15m

-0.2

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.4+0.1+1.3-0.9+2.3

Next day

+3.1+0.2+2.9-0.1+3.2

+2.5+0.6+1.9-0.4+2.9

+1.4-0.0+1.4-0.2+1.6

+0.1+0.5-0.4+0.4-0.3

+0.4+0.8-0.4-2.0+2.4

-1.6+0.6-2.2-0.4-1.3

15d

-3.7+1.3-5.0+0.6-4.3

-9.2-1.4-7.8-1.3-7.9

-9.9-0.6-9.3-7.6-2.3

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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 won a slab-wise rate contract from a Maharatna power producer CPSU for ash transportation to NHAI and central or state government road construction sites including PMGSY projects. Scope covers excavation, loading, and transport of pond ash in covered vehicles with spillage controls, over 12 months. Order value is about INR 40.83 Crore inclusive of GST. Domestic order, no promoter or related party interest.

Likely market impact

Positive - adds new revenue from government-linked infrastructure projects and strengthens PSU counterparty visibility.