Refex Industries Limited (RIL) has secured a major new project involving the excavation, loading, and transportation of pond ash and bottom ash. The order has been awarded by a large Indian business conglomerate, marking another significant addition to RIL’s growing portfolio in industrial services and waste handling solutions.
The work scope includes the complete cycle of ash management—right from excavation to loading and final transportation. With a project value of around ₹100 crore, this contract reinforces RIL’s position as a strong player in the ash handling and environmental management domain. Since the awarding entity is domestic, the project will be executed entirely within India.
The company confirmed that the contract is purely commercial in nature, with no involvement or interest from the promoter group or related parties. The project is expected to be completed within four months, indicating a fast-paced execution timeline and steady revenue visibility over the near term.
