Introduction:
Infra stock has bagged a ₹65.07 crore contract to establish a 200 TPD Bio-CNG plant in Salem under PPP mode, strengthening its position in sustainable infrastructure and aligning with the government’s Swachh Bharat Mission Urban 2.0 initiative.
Share Price movement of Refex Renewables & Infrastructure:
On April 2, 2025, Refex Renewables & Infrastructure Ltd opened at ₹637.00, reaching a high of ₹664.30, up 7.52% from the previous close of ₹613.85, and a low of ₹621.05. The stock is currently trading at ₹660.00, with a market cap of ₹296.77 Crores.
Refex Renewables & Infrastructure share price rise:
Refex Renewables & Infrastructure Limited, a wholly owned subsidiary of Refex Renewables & Infrastructure Ltd, has secured a ₹65.07 crore tender from Salem City Municipal Corporation to set up a 200 TPD municipal solid waste-based Bio-CNG plant under PPP mode for 20 years.
The project, sanctioned under the Swachh Bharat Mission Urban 2.0, will follow a Design, Build, Finance, Operate, and Transfer (DBFOT) model. The concession agreement is expected within 30 days of the LoA, with commissioning scheduled 19 months thereafter.
The contract is fully domestic, and no promoter group has direct interest in the awarding authority. This win supports the company’s focus on sustainable infrastructure and waste-to-energy development in India’s urban municipalities.
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Ace investor holding of Refex Renewables & Infrastructure:
Uttam Shah holds 59,154 shares of Refex Renewables & Infrastructure Ltd at a market price of ₹660, valuing his stake at ₹3.9 crore. His holding represents a 1.32% stake as of December 2024, reflecting consistent confidence in the company’s green infrastructure journey.
S Rajesh Kumar Jain owns 47,501 shares of Refex Renewables & Infrastructure Ltd, with a holding value of ₹3.1 crore based on the current market price of ₹660. His 1.06% stake as of December 2024 underscores interest in the company’s renewable energy and sustainable project ventures.
Stock performance of Refex Renewables & Infrastructure for Period of 1 week, 6 months and 1 year:
Refex Renewables & Infrastructure stock declined 1.19% over the past week and dropped significantly by 33.7% over the last six months. However, it managed to deliver a positive return of 28.9% over the one-year period, indicating long-term growth despite recent volatility.
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Shareholding pattern of Refex Renewables & Infrastructure:
| Summary | Dec-24 | Sep-24 | Jun-24 |
| Promoter | 75.00% | 75% | 75% |
| FII | 0% | 0% | 0% |
| DII | 0% | 0% | 0% |
| Public | 25.00% | 25.00% | 25% |
About Refex Renewables & Infrastructure:
Refex Renewables & Infrastructure Ltd (BSE: 531260) is a green energy company focused on sustainable infrastructure projects like waste-to-energy, solar, and Bio-CNG. It operates under PPP models, supporting urban development goals through clean energy solutions and contributing to India’s renewable energy and environmental initiatives.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
