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Refex Renewables & Infrastructure shines as its arm incorporates subsidiary company

Refex Renewables & Infrastructure Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 531260 | NSE:

09 Sep 2024 Evaluate

Refex Renewables & Infrastructure is currently trading at Rs. 770.00, up by 31.95 points or 4.33% from its previous closing of Rs. 738.05 on the BSE.

The scrip opened at Rs. 770.00 and has touched a high and low of Rs. 774.95 and Rs. 750.00 respectively. So far 5312 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 834.00 on 09-Aug-2024 and a 52 week low of Rs. 355.00 on 21-Nov-2023.

Last one week high and low of the scrip stood at Rs. 774.95 and Rs. 623.05 respectively. The current market cap of the company is Rs. 345.72 crore.

The promoters holding in the company stood at 75.00%, while Non-Institutions held 25.00% in the company.

Refex Renewables & Infrastructure’s wholly-owned subsidiary -- Refex Green Power (RGPL) has incorporated a new company, namely, Refex Green Fuel (RGFPL), as its subsidiary (76.00%), consequent to which, RGFPL has become a step-down subsidiary of Refex Renewables & Infrastructure.

Refex Green Fuel is incorporated with main object to conduct business operations aimed at significantly reducing the reliance on diesel fuel in mining and thermal plants thereby decarbonizing operations and reducing PM emissions. The SPV will focus on substituting diesel with Liquefied Natural Gas (LNG) / Bio Gas.

The scope of operations would include converting existing heavy-duty diesel equipment to support dual-fuel (LNG and diesel) or single fuel (LNG) application, establishing LNG storage and dispensing infrastructure on site, and transporting LNG from terminals to the mines. Additionally, the SPV will explore further business opportunities in small-scale LNG trading as well as conversion on on-road HDVs to support LNG fuel.

Refex Renewables & Infrastructure (formerly known as Sunedison Infrastructure) is engaged in the processing, sale and export of marine products.

Refex Renewbl&Infra Share Price

296.40 5.80 (2.00%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Larsen & Toubro	4094.95
Rail Vikas Nigam	303.10
NCC	161.30
KEC International	580.10
Kalpataru Projects	1232.90
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Refex Renewables & Infrastructure shines as its arm incorporates subsidiary company

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