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Refex Industries Reports Growth with Rs 1,721 Crore Ash and Coal Handling Orders

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Refex Industries Reports Growth with Rs 1,721 Crore Ash and Coal Handling Orders

Analysed 12 Nov 2026·2 sources analysed·Mumbai, India·Business
Refex Industries Reports Growth with Rs 1,721 Crore Ash and Coal Handling OrdersPreviousNext

Refex Industries reported strong growth with its ash and coal handling order book rising to Rs 1,721 crore by September 2026, up from Rs 1,500 crore in March. The company secured fresh contracts worth Rs 625 crore in H1 FY27 from major power producers like NTPC, Adani Power, and Tata Power. Revenue increased 54.7% to Rs 1,178.8 crore, and EBITDA rose 71.8% to Rs 195.9 crore. Refex also launched its first ready-mix concrete plant in Pune, aiming to expand to over 100 plants by 2029, leveraging fly ash utilization.

Sentiment
72%
TBN's observations

First-hand measurement across 2 sources

We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is positive (72/100). Lens Score 46/100.

Outlets measured: freepressjournal, news18. See how each one headlined and framed the same story in the source comparison below.

AI analysis of 2 sources · Published under editorial oversight by The Balanced News
Analysed 12 Nov 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Sentiment — Positive (72/100)

Sentiment was consistent across outlets (68–75/100), indicating broadly factual reporting rather than editorialising.

Coverage timeline

news18 broke this story on 12 Nov, 08:31 am. Other outlets followed.

12 Nov, 08:31 am2 sources · 51 min12 Nov, 09:22 am
AI analysis by the TBN Bias Engine · beat methodology byMrunal Wange· Business & Economy Editor· editorial standards byOjas Kale
← Previous
Embark Perfumes Reaches One Million Customers, Launches Festive Gift Sets for 2026
Next →
GMR Group to Develop 500-Acre Aviation and Aerospace Hub in Andhra Pradesh
1
news1812 Nov, 08:31 am
Refex Industries' ash and coal handling order book rises to Rs 1,721 cr
  • 2
    freepressjournal12 Nov, 09:22 am
    Refex Industries Bags Fresh Orders To Power Growth, 1,721 Crore Order Book And 55 Revenue Surge Steal Spotlight
  • Who's involved

    Institutions and figures named across source coverage.

    Government
    Adani Power LimitedTata Power Company LimitedNational Thermal Power Corporation LimitedCentral Electricity Authority
    Corporate
    Adani PowerNTPCVenwind Refex PowerTata PowerRefex Industries LimitedAcuite Ratings Research

    Story context

    Category
    Business
    Location
    Mumbai, India
    Sources analysed
    2
    Last analysed
    12 Nov 2026
    Key entities
    CroreIndian rupeeFraxinusState-owned enterpriseAdani PowerTata PowerNTPC LimitedCoalChairpersonReady-mix concreteFly ashJainism