Refex Industries Limited has informed the Exchange about Bagging/Receiving of orders/contracts by Venwind Refex Power Limited, a subsidiary of Refex Industries Limited

Business Updates View source PDF Explain this filing

REFEX · price

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

+1.7%Reaction day

₹391.90

prior close

₹409.30

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.4%+2.1% vs market

Waste Management peers, median of 6sector-1.1%+2.8% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 2.8 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

-1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.7-0.4+2.1-1.1+2.8

Next day

-1.9-1.4-0.5-1.0-0.9

-5.0-3.5-1.5-2.9-2.2

-7.6-4.3-3.2-4.5-3.1

-8.4-4.7-3.7-4.6-3.8

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15d

-10.1-2.2-7.9-8.3-1.8

-6.9-1.5-5.4-8.5+1.6

-17.3-4.6-12.7-22.5+5.1

-31.6-6.1-25.5-12.9-18.7

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' subsidiary Venwind Refex Power Limited (VRPL) has signed a term sheet to supply Wind Turbine Generators (WTGs) and Tubular Towers to a leading domestic Independent Power Producer. The wind power projects will be set up in Gujarat. The total contract value is Rs. 474.45 Crore, to be executed in two phases: Rs. 142.33 Crore by March 2026 and Rs. 332.12 Crore by March 2027. The scope includes design, manufacturing, supply, testing, commissioning, and technical assistance. The counterparty is a domestic entity, and the order is not a related party transaction.

Likely market impact

This is a sizeable order win for VRPL that strengthens Refex Industries' presence in the wind energy supply chain and provides visible revenue over the next 1-2 years. Positive for the stock in the short term, though the order is from a private player rather than a government entity.