Synopsis:
A micro-cap infrastructure stock is in focus after receiving a domestic order worth Rs. 28 crore.
A micro-cap company that provides EPC services in respect of ground solar power plants, solar water pumps and home systems, is in the spotlight after receiving an order worth more than Rs. 28 crore.
With the market capitalization of Rs. 305.70 crore, the shares of Refex Renewables & Infrastructure Ltd closed at Rs. 679.85, hitting an upper circuit of 2 percent from its previous day’s close price of Rs. 666.55.
Work Order
Refex Renewables & Infrastructure Ltd has received a domestic order from Tiruchirappalli City Corporation, Tamil Nadu, for the establishment of a 100 TPD municipal solid waste-based Bio-CNG plant under a 20-year PPP (DBFOT) model.
The project, part of the Swachh Bharat Mission Urban 2.0, has an estimated cost of Rs. 28 crore and is scheduled for commissioning within 19 months of signing the concession agreement.
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About the Company & Others
Refex Renewables & Infrastructure Limited, founded in 1959, is a Chennai-based renewable energy company in India. It operates in EPC (rural and commercial/industrial), compressed biogas, and related services, providing design, construction, installation, and maintenance of solar power plants, rooftop systems, solar water pumps, home lighting, biogas production, and manpower services.
The company reported Q1FY26 revenue of Rs. 16.74 cr, down 7.1 percent YoY from Rs. 18.01 cr and 16.6 percent QoQ from Rs. 20.07 cr in Q4FY25. Net loss narrowed to Rs. 7.51 cr, improving from a loss of Rs. 8.5 cr in Q1 FY25 but dropped from loss of Rs. 5.02 from Q4 FY25, indicating better cost control despite lower revenues.
Written by Akshay Sanghavi
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