Refex Industries bagged an order worth Rs 300 crore from a large mining entity in Jharkhand for the removal of overburden (OB), excavation, and transportation of coal.

Refex Industries is a Chennai-based company undergoing turmoil in the market. However, it has shown signs of recovery after gaining a mining order from a coal company in Jharkhand.

The project is scheduled for execution within eight months, with an extension period of up to four years.

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

The net profit of Refex Industries has been declining, 29.50% to Rs 21.17 crore, while net sales declined 35.15% to Rs 383.25 crore in Q1 June 2025 over Q1 June 2024.

However, after it bagged a mining order, increased by 4.12% to Rs 365.20.