Refex Industries Limited, established in 2002, focuses on sustainability-driven solutions such as ash and coal handling, along with ventures in wind turbine manufacturing and electric mobility.

In Q2 FY26, it reported standalone revenues of INR 423.39 crore and a net profit of INR 52.03 crore, demonstrating financial resilience amidst seasonal disruptions.

The company announced plans for significant capacity expansion in its ash handling operations, targeting sustainable growth by leveraging environmental regulations.

Refex's strategic subsidiary, Venwind Refex Power Limited, is advancing its wind energy footprint with major contract wins, aligning with India's renewable goals.

Refex Green Mobility Limited, positioned within the EV sector, is undergoing a demerger, reflecting strategic initiatives to capitalize on growth opportunities.

Deliberate discontinuation of low-margin power trading to better align resources with core, high-potential business areas.