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Refex Industries: Shares zoom 7.5% after bagging ₹300 crore mining order in Jharkhand

Refex Industries Limited bagged an order worth ₹300 crore from a large mining entity in Jharkhand for removal of overburden, excavation, and transportation of coal.

Introduction

Leading industrial company received an order worth ₹300 crore from a major mining entity in Jharkhand for removal of overburden, excavation, and transportation of coal.

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Share price movement of Refex Industries

On October 24, 2025, Refex Industries Limited opened at ₹355.55, up 1.37% from its previous close of ₹350.75. The stock reached a high of ₹377.30 (7.56%) and a low of ₹348.00. By 2:56 PM, it traded at ₹359.30, a 2.44% increase, with a market cap of ₹4,645.05 crore.

Refex Industries bags ₹300 crore mining order

Refex Industries Limited has secured an order worth ₹300 crore from a large mining entity in Jharkhand. The contract involves removal of overburden (OB), excavation, and transportation of coal.

The project is to be completed within eight months, with an extension of four years. The order is from a domestic entity, and no promoter or related party interest is involved.

Recent news on Refex Industries

As of October 08, 2025, Refex Industries Limited secured a ₹250 crore contract from a state-owned GENCO for ash disposal and maintenance of fly ash systems, with tenure until March 2028.

Stock performance of Refex Industries for Period of 1 week, 6 months, and 1 year

Refex Industries Ltd delivered a 0.88% return over the past week, it declined by 21.6% in the past six months. The stock fell 26.4% over the past year.

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Also Read: Kirloskar Ferrous: Stock jumps after receiving supply contract from ONGC

Shareholding pattern of Refex Industries

ParticularsSep 2025Mar 2025Dec 2024
Promoter53.30%53.30%53.40%
FII1.70%1.90%2.00%
DII0.20%0.20%0.10%
Public44.80%44.70%44.50%

About Refex Industries

Refex Industries Limited (NSE: REFEX) specializes in eco-friendly refrigerant gases and ash and coal handling services. It is India’s largest organized ash handler, serving 19+ power plants and major clients like NTPC and Adani.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is Refex Industries Limited share price going up today?

A: Refex Industries Limited share price is rising after securing a ₹300 crore mining order in Jharkhand.

Q: What does Refex Industries Limited specialize in?

A: Refex Industries Limited specializes in eco-friendly refrigerant gases and ash and coal handling services across India.

Q: What is the market capitalization of Refex Industries Limited?

A: Refex Industries Limited has a market capitalization of ₹4,645.05 crore as of October 24, 2025.

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