The scope of order includes O&M of the existing ash handling system & spares management, and the daily utilization/lifting of fly ash, pond ash, and hydrobin ash.

The contract is valid for a period of three years, up to 31st March 2028.

Refex Industries, headquartered in Chennai, is a pioneer in sustainability driven solutions in India. With over 22 years of expertise, the company has built a diverse portfolio encompassing ash & coal handling, eco-friendly refrigerant gases, green mobility initiatives, and wind energy solutions.

The company reported 39.8% surge in consolidated net profit to Rs 47.92 crore in Q4 FY25 compared with Rs 34.27 crore in Q4 FY24. Revenue from operations soared 83.4% YoY to Rs 627.76 crore in the quarter ended 31 March 2025.

The counter advanced 1.06% to end at Rs 444.15 on the BSE.

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