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Refex renewables receives order from Coimbatore Municipal Corp. for bio-CNG plant

Prominent renewable energy firm won a 20-year PPP contract to develop a 250 TPD Bio-CNG plant in Coimbatore under Swachh Bharat Mission Urban 2.0 initiative.
Refex Renewables wins Coimbatore Municipal Corporation order for setting up a bio-CNG plant.
Refex Renewables wins Coimbatore Municipal Corporation order for setting up a bio-CNG plant.

Introduction:

Leading renewable energy company secured a major municipal contract to establish a 250 TPD Bio-CNG plant in Coimbatore under a 20-year PPP model, supporting Swachh Bharat Mission Urban 2.0 solid waste management goals.

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Share price movement of Refex Renewables:

On April 7, 2025, Refex Renewables & Infrastructure Ltd opened at ₹647.00, slightly down from its previous close of ₹647.85. The stock reached a high of ₹647.00 and a low of ₹606.05. By 10:49 AM, it traded at ₹618.95 with a market cap of ₹278.31 crore.

Refex Green Power Wins Bio-CNG Plant Project in Coimbatore:

Refex Green Power Limited, a wholly-owned subsidiary of Refex Renewables & Infrastructure Limited, has secured a tender from Coimbatore Municipal Corporation for establishing a 250 TPD municipal solid waste-based Bio-CNG plant.

The project will be executed under the Public-Private Partnership (PPP) model on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis for a duration of 20 years. The plant forms part of the Swachh Bharat Mission Urban 2.0 initiative for solid waste management.

As per the Letter of Acceptance dated April 5, 2025, the estimated project cost is ₹78.54 crore. The plant is scheduled for commissioning within 19 months from the date of the Concession Agreement.

Recent news on Refex Renewables:

As of January 03, 2025, Refex Renewables & Infrastructure Ltd’s arm, RSSL, acquired 51% stake in Vyzag Bio-Energy Fuel, which operates an 850 kg/day CBG plant converting municipal organic waste into green fuel.

Stock performance of Refex Renewables for Period of 1 week, 6 months, and 1 year:

Refex Renewables & Infrastructure Ltd delivered a 6.84% return over the past week, declined by 25.6% in the past six months. The stock gained 35.9% over the past year.

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Shareholding pattern of Refex Renewables:

ParticularsMar 2025Dec 2024Sep 2024
Promoter74.90%75.00%75.00%
FII0.00%0.00%0.00%
DII0.00%0.00%0.00%
Public25.10%25.00%25.00%
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About Refex Renewables:

Refex Renewables & Infrastructure Ltd (BSE: 531260) has roots dating back to 1959 through MEMC, originally part of Monsanto, pioneering in silicon wafer manufacturing for the global semiconductor and electronics industry.

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.

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