Refex Renewables & Infrastructure announced that its wholly owned subsidiary, Refex Green Power has won a tender for Establishment of 250 TPD Municipal Solid Waste based Bio-CNG plant at Avaniyapuram village, Madurai South Taluk, Madurai District under PPP mode on DBFOT Basis for a period of 20 years, vide Letter of Acceptance dated 05 April 2025, issued by Madurai City Municipal Corporation. The estimated project cost is Rs 78.54 crore.

The scheduled commissioning date (SCD) for the full capacity of the project is set for 19 months from the date of the concession agreement, which is expected to be signed within 30 days from the date of the LOA. The total project cost is estimated at Rs 78.54 crore.

The company also clarified that the contract does not involve any related party transactions and confirmed that neither the promoter, promoter group, nor any group companies have any interest in the awarding entity.

The official announcement was made on 7 April 2025, after market hours.

Refex Renewables & Infrastructure is engaged in the business of rendering engineering, procurement and construction services in respect of ground solar power plants, solar water pumps and home systems.