Refex Renewables Bags Rs 780 Mn Waste Management Contract

09 Apr 2025 CW Team

Refex Renewables & Infrastructure has secured a contract from the Madurai City Municipal Corporation to establish a municipal solid waste management plant valued at Rs 780 million. The project will be implemented through Refex Green Power, a wholly-owned subsidiary of the company.

The plant, to be located in Avaniyapuram village, is designed to process 250 tonnes per day (TPD) of municipal solid waste and convert it into Bio-CNG. This initiative is part of a broader effort to promote sustainable waste management and renewable energy generation through public-private partnerships (PPP).

The project will be carried out under the Design-Build-Finance-Operate-Transfer (DBFOT) model. Under this model, Refex Green Power Limited will be responsible for designing and constructing the facility, financing the entire project cost, operating the plant for a stipulated concession period, and eventually transferring the asset back to the municipal corporation.

This contract highlights Refex Renewables & Infrastructure’s expanding footprint in the renewable energy and waste management sectors. The proposed Bio-CNG plant is expected to contribute to cleaner urban living by reducing landfill waste and promoting the use of alternative fuels. It also aligns with the government’s goals of promoting circular economy practices and reducing dependence on fossil fuels through the generation of clean energy from waste.

With this project, Refex aims to strengthen its position in the waste-to-energy segment and support urban infrastructure development through sustainable solutions.

News source: Rediff.com

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..