Refex Industries gets new order worth ₹100 crore after big wind energy deal

Refrigerant gas manufacturer Refex Industries Ltd on Thursday (November 27) said it has secured an order worth approximately ₹100 crore for the excavation, loading, and transportation of pond ash and bottom

ash. The order, awarded by a large domestic business conglomerate, is set to be executed over a period of four months.

Under the multi-month engagement, Refex Industries will manage the complete scope of services, including excavation, loading, and transportation of pond ash/bottom ash. The order is entirely domestic, and there is no involvement of promoters, promoter groups, or group companies in the entity awarding the contract.

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In September this year, Refex Industries said its subsidiary, Venwind Refex Power Ltd (VRPL), had won a major renewable energy contract. The company disclosed that VRPL has signed a term sheet with a leading independent power producer for the supply of wind turbine generators (WTGs) and tubular towers for wind projects in Gujarat.

The contract, valued at ₹474.45 crore, includes the design, procurement, manufacturing, and commissioning of the WTGs, along with supervisory support for foundation casting and erection. The execution of the order will be phased, with projects worth ₹142.3 crore to be completed by March 2026, and the balance ₹332.1 crore by March 2027.

Shares of Refex Industries Ltd ended at ₹320.35, down by ₹5.55, or 1.70%, on the BSE today, November 27.

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