Refex Green Power Secures Major Waste-to-Energy Project in Coimbatore

In a significant step towards sustainable infrastructure and renewable energy, Refex Green Power Limited—a wholly-owned subsidiary of Refex Renewables & Infrastructure Limited—has won a prestigious government contract.

The tender, offered by the Coimbatore Municipal Corporation, pertains to the establishment of a municipal solid waste-based Bio-CNG plant in Tamil Nadu. The project stands as a strong commitment under India’s Public-Private Partnership (PPP) initiatives, fostering cleaner energy and efficient waste management.

Project Overview and Key Details

The awarded tender involves setting up a 250 TPD (tonnes per day) Bio-CNG plant based on municipal solid waste under the Design, Build, Finance, Operate and Transfer (DBFOT) model. This initiative will be developed over a concession period of 20 years.

The estimated project cost stands at ₹78.54 crore, and the project is to be fully operational within 19 months from the signing of the Concession Agreement, which is expected to be finalised within 30 days of the Letter of Acceptance (dated 5 April 2025).

This initiative is part of the Swachh Bharat Mission Urban 2.0 – Solid Waste Management programme, reinforcing the central government’s push for sustainable urban infrastructure.

The Coimbatore Municipal Corporation, a domestic entity, is spearheading the project, which is entirely within Indian jurisdiction. Importantly, there are no related party transactions involved, and the promoter group of Refex has no direct interest in the awarding authority.

Strategic Implications and Future Outlook

The partnership between Coimbatore Municipal Corporation and Refex Green Power signifies a pivotal moment for urban waste management in India. Leveraging private sector efficiency and public sector reach, the project aligns with broader national goals of creating smart, green cities.

This development not only enhances Refex’s portfolio in the renewable energy sector but also demonstrates the trust placed in its capabilities by governmental bodies.

Moreover, such ventures pave the way for replicable models across the country, addressing the pressing issues of urban waste disposal and clean energy production. As the plant progresses through its stages, it is expected to serve as a benchmark in India’s transition towards cleaner alternatives and reduced carbon footprints.

Refex Renewable Share Performance 

As of April 07, 2025, at 10:15 AM, Refex Renewable share price is trading at ₹620, reflecting a loss of 4.30% from the previous day’s closing price. Over the past month, the stock has registered a decline of 4.20%.

Conclusion

Refex Green Power’s achievement in securing the Coimbatore Bio-CNG project marks a substantial advancement in India’s waste-to-energy sector. With defined timelines and transparent governance, the initiative is set to become a model for sustainable infrastructure under public-private collaborations.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.