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Refex Renewables: Stock in focus after bagging order to develop Bio-CNG plant

Refex Renewables & Infrastructure Limited, through its subsidiary Spectrum Renewable Energy, joins Ourland Engineering Works to develop a 100 TPD Bio-CNG plant in Tiruchirappalli under PPP.

Introduction

Leading renewable energy firm’s subsidiary, in partnership with Ourland Engineering Works, has secured a tender to establish a 100 TPD Bio-CNG plant in Tiruchirappalli under a 20-year DBFOT agreement.

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Also Read: Coal India: Stock jumps after signing MoU with Chhattisgarh Mineral Development Corporation

Share price movement of Refex Renewables

On October 8, 2025, Refex Renewables & Infrastructure Limited opened at ₹678.00, up 1.72% from its previous close of ₹666.55. The stock reached a high of ₹678.00 and a low of ₹666.00. By 10:14 AM, it traded at ₹678.00, with a market cap of ₹304.87 crore.

Refex Consortium Wins Tiruchirappalli 100 TPD Bio-CNG Tender

Refex Renewables & Infrastructure Limited’s step-down subsidiary, Spectrum Renewable Energy Private Limited, is part of a consortium with Ourland Engineering Works. The consortium won a tender to build a 100 TPD Bio-CNG plant in Tiruchirappalli under PPP mode.

The project will operate on a 20-year DBFOT basis. The total project cost is estimated at ₹28 crore. The plant is expected to be commissioned within 19 months from the concession agreement signing.

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

Refex Renewables & Infrastructure Limited declined 3.68% over the past week and fell 14.1% in the past six months. The stock dropped 25.0% over the past year.

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Also Read: Crest Ventures: Stock jumps after signing development agreement with Saidale Co-operative Housing Society

Shareholding pattern of Refex Renewables

ParticularsJun 2025Mar 2025Dec 2024
Promoter74.90%74.90%75.00%
FII0.00%0.00%0.00%
DII0.00%0.00%0.00%
Public25.10%25.10%25.00%

About Refex Renewables

Refex Renewables & Infrastructure Ltd (BSE: 531260), part of the Refex Group, provides EPC services for solar power plants, water pumps, and home systems, operating across ~80 sites in 11 Indian states.

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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.

FAQs

Q: Why is Refex Renewables & Infrastructure Ltd share price going up today?

A: Refex Renewables & Infrastructure Ltd share price is rising after its subsidiary Spectrum Renewable Energy partnered to build a 100 TPD Bio-CNG plant in Tiruchirappalli.

Q: What does Refex Renewables & Infrastructure Ltd specialize in?

A: Refex Renewables & Infrastructure Ltd specializes in EPC services for solar power plants, solar water pumps, and home solar systems across India.

Q: What is the market capitalization of Refex Renewables & Infrastructure Ltd?

A: The market capitalization of Refex Renewables & Infrastructure Ltd is ₹304.87 crore as per the latest trading data.

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