CRR_Call Tracker

Text/HTML

Text/HTML

ValueProductView

ValueProductPastPerformance

Company NameReco DateReco PriceExit PriceExit Date% ReturnIn days
Bharat Forge Ltd. 25/07/20241,593.85952.3007/04/2025 -40.25% 256 days
ITC Ltd. 28/12/2023464.20487.5002/01/2025 5.02% 1 yrs
Britannia Industries Ltd. 27/07/20234,875.805,028.2512/11/2024 3.13% 1 yrs
JSW Steel Ltd. 22/02/2024826.951,003.0026/09/2024 21.29% 217 days
Bajaj Auto Ltd. 22/08/20249,910.0011,930.0017/09/2024 20.38% 26 days
Dr. Reddy's Laboratories Ltd. 26/10/20235,429.306,536.0005/07/2024 20.38% 253 days
Shriram Finance Ltd. 25/04/20242,430.102,955.0028/06/2024 21.60% 64 days
Coal India Ltd. 25/01/2024389.50501.6022/05/2024 28.78% 118 days
Infosys Ltd. 27/10/20221,522.601,411.6019/04/2024 -7.29% 1 yrs
State Bank Of India 25/05/2023581.30782.0505/03/2024 34.53% 285 days

CRR_MVC_PastPerformance

Text/HTML

Our Other Trader Products

EasyDNNNews

7,600 Per Cent Returns: Engineering Company Expands Bio-CNG Footprint With Two New Subsidiaries To Develop Waste-Based Plants In Coimbatore And Salem Under Rs 143.61 Crore Public-Private Partnership
DSIJ Intelligence-2
/ Categories: Trending, Mindshare

7,600 Per Cent Returns: Engineering Company Expands Bio-CNG Footprint With Two New Subsidiaries To Develop Waste-Based Plants In Coimbatore And Salem Under Rs 143.61 Crore Public-Private Partnership

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 announced a significant strategic expansion in the bio-CNG segment through the incorporation of two new subsidiaries under its wholly-owned arm, Refex Green Power Limited. The newly formed entities—Refex CBG SPV (Coimbatore) Limited and Refex CBG SPV (Salem) Limited—have been established to develop and operate municipal solid waste-based bio-CNG plants in Coimbatore and Salem, respectively.

DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, download the service details here.

These plants will be developed under the Public-Private Partnership (PPP) model, based on the Design, Build, Finance, Operate, and Transfer (DBFOT) framework for a duration of 20 years. Refex Renewables holds a 74 per cent equity stake in each of these subsidiaries, while the remaining 26 per cent stake is owned by Spectrum Renewable Energy Private Limited. The total investment stands at Rs 78.54 crore for the Coimbatore unit and Rs 65.07 crore for the Salem unit, aggregating to Rs 143.61 crore.

This initiative reinforces Refex Renewables' commitment to diversifying within the renewable energy sector. The focus on bio-CNG highlights the company’s aim to tap into sustainable waste-to-energy opportunities and strengthen its presence in green infrastructure projects. The move aligns with the broader strategic vision of Refex Green Power Limited to innovate within the energy transition ecosystem.

As of May 02, 2025, the stock of Refex Renewables & Infrastructure Limited is trading at Rs 718, against a 52-week high of Rs 1160 and a 52-week low of Rs 421.2. With a market capitalization of Rs 323 crore, the company is categorised as a Small-Cap player in India’s renewable energy space. It has delivered a 33.68 per cent return over the past year and a strong 108.69 per cent return over the last three years, reflecting investor interest driven by consistent project execution and sectoral tailwinds.

Refex Renewables was incorporated in 1994 and has since positioned itself in the renewable sector by offering EPC services for ground-mounted solar power plants, solar water pumps, and home solar systems. With the recent push into the bio-CNG vertical, the company is diversifying beyond solar into waste management and alternative fuels. 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. 

Prominent public shareholders include Uttam Shah and Dugar Finance And Investments Limited, each holding 1.32 per cent, and S Rajesh Kumar Jain with a 1.06 per cent stake. 

The ongoing focus on sustainable projects, combined with long-term public-private contracts, places Refex Renewables in a favorable position to benefit from India’s renewable energy goals.

Disclaimer: The article is for informational purposes only and not investment advice.

Previous Article Top three stocks that saw heavy demand from buyers in the pre-opening session today
Next Article Nifty, Sensex Extend Gains Amid Renewed Trade Deal Hopes and Steady Foreign Inflows
Print
34 Rate this article:
4.5
Please login or register to post comments.

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR