Refex Renewables & Infrastructure has announced that its subsidiary, Refex Green Power, has won a Rs 78.54 crore contract from the Coimbatore Municipal Corporation. The contract is for the construction of a 250 TPD Bio-CNG plant in the city. This project will be carried out under a Public-Private Partnership (PPP) model, following the Design, Build, Finance, Operate, and Transfer (DBFOT) framework for 20 years.
The Bio-CNG plant is set to become fully operational within 19 months from the signing of the concession agreement, which is expected to occur within 30 days after receiving the letter of award (LOA).
Refex Renewables & Infrastructure is well-known for its expertise in engineering, procurement, and construction (EPC) services related to solar power plants, solar water pumps, and residential solar systems.
For the third quarter of FY25, the company reported a consolidated net loss of Rs 10.45 crore, compared to a loss of Rs 8.54 crore in the same period the previous year. Revenue from operations dropped by 22.6% year-on-year, reaching Rs 15.90 crore for the quarter ending December 31, 2024.
Refex Renewables & Infrastructure Limited (RRIL), previously known as SunEdison Infrastructure Limited, is a leading Indian firm in the renewable energy sector. Founded in 1994, RRIL operates across nearly 80 sites in 11 states, offering services such as solar power system design, installation, and maintenance.
The company has a strong history in the silicon industry, which began in 1959 with the founding of Monsanto Electronic Material Company (MEMC), focusing on manufacturing silicon wafers for the electronics industry.
Throughout its years of operation, Refex Renewables has achieved notable milestones, including the development of India’s first canal-top solar project on the Narmada River in Gujarat. The company also completed a 68 MW utility-scale ground-mounted project for Indian Railways near Raipur and provided solar power and battery storage solutions for the Indian Army in Leh.
With a focus on innovation and sustainability, Refex Renewables remains at the forefront of India’s renewable energy transition, continuing to lead in the solar energy sector.
