Refex Industries Wins Rs 33.70 Cr Contracts, Stock Rises

Refex Industries shares saw an uptick on the BSE after the company announced securing two new contracts. These agreements are collectively valued at approximately Rs 33.70 crore, including GST.

The contracts involve services related to fly ash, a key component of Refex Industries’ operations. Both agreements are mandated for completion within a 120-day timeframe from their award.

• One contract, valued at approximately Rs 32.78 crore (including GST), covers the loading and transportation of Fly Ash.
• The second contract, worth around Rs 0.91 crore (including GST), is specifically for Fly ash excavation services.

Following the announcement, Refex Industries’ stock was trading at Rs 288.10, marking an increase of 1.65 points or 0.58% from its prior closing price of Rs 286.45 on the BSE. The scrip opened the session at Rs 292.65.

Intraday and Historical Performance

During the day’s trading, Refex Industries reached an intraday high of Rs 299.55, while its low stood at Rs 286.00. A total of 20190 shares were traded on the counter.

• 52-Week High: Rs 415.60 (recorded on 24-Sep-2025)
• 52-Week Low: Rs 188.00 (recorded on 23-Mar-2026)
• Last Week High: Rs 303.00
• Last Week Low: Rs 285.40
• Current Market Capitalisation: Rs 3946.01 crore

Refex Industries operates across several business segments including Ash & Coal handling, solar power generation and related activities, and solar module trading. This diversified portfolio underpins its market presence.

The company’s shareholding structure shows promoters holding 56.57%, with Institutions accounting for 1.31%. Non-Institutional investors collectively hold the remaining 42.13% stake.

The new contracts underscore Refex Industries’ continued activity in the fly ash sector and contribute to its operational pipeline for the coming months.