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As on : 19-Sep-2026
Hot Pursuit
19-Sep-2026     14:51

Refex Industries Limited secures Rs 160 crore contract for ash lifting services in Madhya Pradesh

Refex Industries Ltd. remains unchanged at Rs 271.85, after a recent decline that saw the stock slip 0.62% over the last week.

Refex Industries Limited (RIL) announced it has secured a contract worth Rs 160 crores for the lifting of 10 MT of Pond Ash and Fly Ash under a Road-cum-Rail (RCR) mode, awarded by a Public Sector Undertaking in Madhya Pradesh. The contract, extendable with mutual consent, has a timeframe of 18 months for execution and involves the supply of services for lifting the ash, with the possibility of extending the quantity with mutual agreement. RIL confirmed that neither the promoter group nor any group companies have any interest in the awarding entity, and the transaction does not constitute a related party transaction.

Refex Industries Ltd. shares saw a trading volume of 2.2 lakh today, a slight decrease compared to the one-week average volume. Refex Industries Ltd. has dropped by 21.96% year-over-year, underperforming the 8.17% loss seen in the NIFTY50 index.

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