Refex Industries Limited (RIL) has announced that it has received a significant order from NTPC Limited for the transportation and unloading of pond ash. The contract, valued at approximately ₹50 crore, falls under the scope of domestic operations and involves handling and logistics services for NTPC’s facilities.
The project is scheduled to be executed over a period of one year, with the possibility of a six-month extension at NTPC’s discretion. The contract does not involve any related party transactions, and there is no promoter or group company interest in the awarding entity.
This order strengthens Refex Industries’ growing portfolio in industrial logistics and environmental management, aligning with its expansion strategy in utility-based services.
In the meantime, Refex Industries shares closed at ₹418.00 on Friday, falling 3.45%. The stock opened at ₹434.10, went up to ₹434.95, and dropped to a low of ₹415.50 during the day. Its 52-week high is ₹600.00, and the low is ₹241.00.
