The contract pertains to material handling and transit operations for bulk commodity material. The order has been awarded by a domestic entity and will be executed over a period of three years. The company clarified that neither the promoter nor the promoter group has any interest in the awarding entity. Further, the contract does not fall under related party transactions.

Chennai-based Refex Industries has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions.

The company reported consolidated net profit rose 5.03% to Rs 61.34 crore despite a 16.04% drop in revenue from operations to Rs 576.01 crore in Q3 FY26 over Q3 FY25.