Refex Renewables & Infrastructure Ltd consortium awarded 100 TPD Municipal Solid Waste based Bio-CNG plant in Tiruchirappalli

Ourland Engineering Works Private Limited ("OEWPL"), lead consortium bidder, has been awarded a tender for Establishment of 100 TPD Municipal Solid Waste based Bio-CNG plant in Tiruchirappalli under PPP mode on DBFOT Basis for a period of 20 years, vide Letter of Acceptance dated September 22, 2025 (received on October 06, 2025), issued by Tiruchirappalli City Corporation, wherein Spectrum Renewable Energy Private Limited ("SREPL"), a step-down subsidiary of Refex Renewables & Infrastructure Limited, is a consortium partner.

The Selected Bidder [consortium of entities, i.e., OEWPL (51%) and SREPL (49%)], shall incorporate a Special Purpose Vehicle under the Companies Act, 2013, prior to execution of the Concession Agreement ("Concessionaire") which shall be responsible for designing, engineering, financing, procurement, construction, operation and maintenance of the Project under and in accordance with the provisions of a long term concession agreement ("Concession Agreement") to be entered into between the Concessionaire and the Authority in the form provided by the Authority as part of the Bidding Documents pursuant thereto.

The Project cost is estimated @ ₹28 Crore.

Shares of Refex Renewables & Infrastructure Ltd was last trading in BSE at Rs. 679.85 as compared to the previous close of Rs. 666.55. The total number of shares traded during the day was 1565 in over 25 trades.

The stock hit an intraday high of Rs. 679.85 and intraday low of 666.00. The net turnover during the day was Rs. 1055700.00.

Source : Equity Bulls

Keywords

RefexRenewablesandInfrastructure INE332F01018 Consortium Tender 100TPD MunicialSolidWaste BioCNGPlant