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Refex Renewables soars after its arm completes acquisition of 51.03% stake in Vyzag Bio

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

30 Dec 2024 Evaluate

Refex Renewables & Infrastructure is currently trading at Rs. 866.95, up by 17.50 points or 2.06% from its previous closing of Rs. 849.45 on the BSE.

The scrip opened at Rs. 865.10 and has touched a high and low of Rs. 873.60 and Rs. 831.05 respectively. So far 763 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 1166.30 on 05-Nov-2024 and a 52 week low of Rs. 368.20 on 05-Jan-2024.

Last one week high and low of the scrip stood at Rs. 927.80 and Rs. 815.40 respectively. The current market cap of the company is Rs. 388.51 crore.

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

Refex Renewables & Infrastructure’s wholly-owned subsidiary -- Refex Sustainability Solutions (RSSL) has completed the acquisition of 51.03% equity stake, from the existing promoters and investment by way of fresh equity infusion in Vyzag Bio-Energy Fuel (Vyzag Bio), thereby, making this entity, a subsidiary of RSSL and step-down subsidiary of Refex Renewables & Infrastructure with effect from December 30, 2024.

The acquisition of Vyzag Bio is a step forward towards strategic expansion and entering into Compressed Bio-Gas (CBG) business. Vyzag Bio operates a CBG plant producing biogas from segregated municipal waste, which involves processing organic material derived from municipal solid waste. The plant is designed with a capacity to output 850 kg of CBG per day, making it a significant contributor to green fuel production.

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

Refex Renewbl&Infra Share Price

327.10 6.40 (2.00%)

24-Apr-2026 12:30 View Price Chart

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Refex Renewables soars after its arm completes acquisition of 51.03% stake in Vyzag Bio

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