Biggest Order of 2025: Chennai-Based Multibagger Renewable Energy Company Bags Order for Solid Waste-Based Bio-CNG Plant Under Swachh Bharat Mission
The stock is up by 40 per cent in just 1 year and has given multibagger returns of over 7,600 per cent in 5 years.
Refex Renewables & Infrastructure Limited has reported that its fully-owned subsidiary, Refex Green Power Limited, has secured a substantial contract from the Coimbatore Municipal Corporation. The contract entails the construction of a 250 TPD municipal solid waste-based Bio-CNG plant in Coimbatore under a Public-Private Partnership (PPP) model. This project, valued at Rs 78.54 crore, will be implemented on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis over a span of 20 years. It is biggest order for the company for 2025 so far.
The project is scheduled to reach its full capacity within 19 months from the date of the concession agreement. This venture signifies a significant stride for Refex Renewables in broadening its presence in the renewable energy sector, especially in waste-to-energy projects.
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Refex Renewables & Infrastructure Limited, originally established in 1959 as a part of the Monsanto Corporation, has a profound legacy in the silicon industry. Initially centred on manufacturing silicon wafers for semiconductors, the company has undergone considerable evolution over the years. In 2003, Refex Renewables was launched as a commercial photovoltaic (PV) developer, tapping into the burgeoning demand in the PV industry.
The company has participated in several strategic partnerships and acquisitions, including the purchase of crystal growth technology company Solaicx in 2010. Refex Renewables continues to pioneer in the renewable energy sector, with an emphasis on enhancing its competencies in solar energy and waste-to-energy projects. The company's strategic priorities encompass leveraging its historical expertise in silicon manufacturing to stimulate growth in the renewable energy market.
As of April 05, 2025, the stock price of Refex Renewables & Infrastructure Limited stands at Rs 657.7. The 52-Week High is Rs 1160, and the 52-Week Low is Rs 421.2. The market capitalisation of the company is Rs 291 crore. The 1-Year Return is 37.98 per cent, and the 3-Year Return is 105.11 per cent. Major public shareholders include Uttam Shah (1.32 per cent), Dugar Finance And Investments Limited (1.32 per cent), and S Rajesh Kumar Jain (1.06 per cent).
On Monday, shares of Refex Renewables & Infrastructure Ltd plunged 43 per cent to Rs 620 per share from its previous closing of Rs 647 per share. The stock is up by 40 per cent in just 1 year and has given multibagger returns of over 7,600 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.