03 Apr 2025

Refex Renewables & Infrastructure Gains, Subsidiary Wins RS. 65.07 Crore Bio-CNG Project

Refex Renewables & Infrastructure is currently trading at RS. 664.80, up by 5.85 points or 0.89% from its previous closing of RS. 658.95 on the BSE.

The stock opened at RS. 638.05 and recorded a high of RS. 668.00 and a low of RS. 638.05. So far, 1548 shares have been traded.

A BSE group 'X' stock with a face value of RS. 10, Refex Renewables & Infrastructure touched a 52-week high of RS. 1166.30 on November 5, 2024, and a 52-week low of RS. 416.05 on June 5, 2024. In the past week, the stock's high and low stood at RS. 668.00 and RS. 590.00, respectively. The company's market capitalization is RS. 298.93 crore.

The company’s shareholding structure includes 74.97% held by promoters and 25.03% by non-institutions.

In a major development, Refex Green Power, a wholly-owned subsidiary of Refex Renewables & Infrastructure, has secured a RS. 65.07 crore contract from Salem City Municipal Corporation, Tamil Nadu. The project involves setting up a 200 TPD municipal solid waste-based Bio-CNG plant in Salem under a Public-Private Partnership (PPP) model on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis for 20 years. The letter of acceptance was issued on March 28, 2025, and received by the company on April 1, 2025.

The scheduled commissioning date (SCD) for the full capacity of the project is set for 19 months from the date of the concession agreement.

Refex Renewables & Infrastructure, formerly known as Sunedison Infrastructure, is engaged in the processing, sale, and export of marine products.