Refex Industries Limited (RIL), a diversified company operating in industrial services and environmental solutions, has secured a major contract valued at approximately ₹250 crore from a leading State Government-owned power generation company (GENCO).
The order, which spans a three-year period ending March 31, 2028, involves comprehensive ash disposal services along with the operation and maintenance (O&M) of fly ash systems. The contract includes daily lifting and utilization of fly ash, pond ash, and hydrobin ash, as well as the management of spares related to the existing Ash Handling System.
Refex confirmed that the order was awarded by a domestic entity and does not involve any related-party transactions. The contract signifies a substantial addition to the company’s O&M portfolio in the thermal power sector and aligns with its strategy to provide sustainable solutions for industrial waste management.
In a regulatory filing, Ankit Poddar, Company Secretary and Compliance Officer of Refex Industries, noted that the contract strengthens RIL’s presence in the power utilities segment and reinforces its expertise in ash handling operations.