Refex Industries wins ₹160 cr pond ash contract.

Refex Industries Limited

has won a ₹160 crore pond ash lifting contract from a Madhya Pradesh PSU. The order strengthens its ash handling business. The contract involves lifting and handling pond ash from a power plant in Madhya Pradesh. It adds to Refex’s existing work in ash disposal and transportation for thermal power producers. The win supports revenue visibility in its core ash and coal handling segment. The key number is the ₹160 crore order value from the MP PSU. This continues Refex’s run of ash-related contracts and may support near-term sentiment. Other ash handling and logistics players could see limited spillover. Risks include execution delays, volume shortfalls or lower margins on large contracts. We have no financial interest in this news.