Refex Industries bags INR 27.50 Cr pond ash transport order from PSU

Govt Defence OrderBusiness Updates View source PDF Explain this filing

REFEX · price

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

-7.6%Reaction day

₹301.90

prior close

₹301.80

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.9%-6.7% vs market

Waste Management peers, median of 6sector+0.7%-8.3% vs sector

On the reaction day the stock moved 6.7 pts less than Nifty Microcap 250 and 8.3 pts less 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

-1.1

10m

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15m

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30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-7.6-0.9-6.7+0.7-8.3

Next day

-8.7-1.2-7.5+2.1-10.8

-8.4+0.0-8.5+0.7-9.1

-8.5+1.4-9.9+1.6-10.1

-9.9+1.5-11.4+4.2-14.1

-11.2+0.9-12.1-0.9-10.3

-15.3-0.4-14.9-1.8-13.5

15d

-20.0-0.3-19.7-5.2-14.9

-16.6-4.2-12.3-12.0-4.6

-21.8-1.7-20.1-4.5-17.3

-34.7-11.4-23.4-21.5-13.2

UpDownMarket · Nifty Microcap 250Sector · Waste Management peers, median of 6Pending

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

AI summary

Refex Industries Limited has secured an order worth around INR 27.50 Crore from a Major Power Producer (a public sector undertaking) for transporting pond ash to NHAI road projects. The domestic order is to be executed within four months. The work involves moving ash generated by a power producer to road construction sites managed by the National Highways Authority of India. No promoter group or related party interests are involved in the awarding entity.

Likely market impact

Positive near-term revenue addition from a government-backed PSU order; modest contract size gives a short-term lift to the logistics segment.