The order involves the establishment of a 200 TPD Municipal Solid Waste-based Bio-CNG plant in Salem under the Public-Private Partnership (PPP) mode. The project will be executed on a design, build, finance, operate, and transfer (DBFOT) basis for a period of 20 years, as per the Letter of Acceptance dated 28 March 2025, received by the company on 1 April 2025.
The scheduled commissioning date (SCD) for the full capacity of the project is set for 19 months from the date of the concession agreement, which is expected to be signed within 30 days from the date of the LOA. The total project cost is estimated at Rs 65.07 crore.
The company also clarified that the contract does not involve any related party transactions and confirmed that neither the promoter, promoter group, nor any group companies have any interest in the awarding entity.
Refex Renewables & Infrastructure is engaged in the business of rendering engineering, procurement and construction services in respect of ground solar power plants, solar water pumps and home systems.
The company reported a consolidated net loss of Rs 10.45 crore in Q3 FY25 as against net loss Rs 8.54 crore posted in Q3 FY24. Revenue from operations fell 22.6% YoY to Rs 15.90 crore in the quarter ended 31 December 2024.