Refex Industries Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) 2015' - Bagging/Receiving of orders/contracts: Refex Industries Limited bags order forcomprehensive ash disposal along with operation & maintenance of fly ash systems
REFEX · price
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On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 3.2 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.
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Refex Industries Limited has secured an order worth approximately INR 250 Crore from a State GENCO (government-owned power generation company) for comprehensive ash disposal and operation & maintenance of fly ash systems. The contract covers O&M of the existing Ash Handling System, spares management, and daily lifting/utilization of fly ash, pond ash, and hydrobin ash. The order is domestic in nature, runs up to 31 March 2028 (about 3 years), and has no related-party involvement. The contract provides long-term revenue visibility for Refex's ash handling and disposal business.
Positive for shareholders — a sizable multi-year order from a government power entity strengthens revenue visibility and reinforces Refex's positioning in the ash management segment. Could support sentiment around the stock in the near term, though the contract value (~INR 250 Cr over ~3 years) needs to be seen in the context of overall revenue.