India's Refex Industries rises after contract wins
BUZZ-India's Refex Industries rises after contract wins ** Shares of Indian refrigerant gas maker Refex Industries REFE.NS rise as much as 4.6% to 299.5 rupees; last up 1.5%
** Co on Monday said it received two contracts from Telangana-based entity worth 337 million rupees ($3.52 million)for loading and transporting fly ash, and excavation of fly ash
** Fly ash is a by-product from combustion of coal in power plants, used for construction and wastewater treatment
** Stock up ~12% YTD
($1 = 95.7325 Indian rupees)
(Reporting by Abhirami G in Bengaluru)
Recent news on Refex Industries
See all newsBrief: Refex Industries Sept-Quarter Consol Net Profit 500.9 Million Rupees
Brief: Refex Industries Gets Contract Valued At 311.3 Million Rupees
Brief: Refex Industries Says Aggregate Tax Demand And Penalty Of 293.2 Million Rupees Vacated
Brief: Refex Industries Ltd Commences Commercial Operations Of Ready-Mix Concrete Business
India's Refex Industries rises after $16.7 million order win