desk
Share
The stock of civil construction segment company Refex Renewables and Infrastructure can see action in the next session. In fact, the company has informed about getting the order. The cost of this project is bigger than the freefloat market cap of the company and is more than a quarter of the total market cap. The stock has seen a decline in the last session. The stock is currently close to the level of 650. A year ago the stock was below the level of 500.
What information has the company given?
In the information sent to the stock market, the company said that its subsidiary Refex Green Power Limited has received an order from the Coimbatore Municipal Corporation. Under this order, the company has to build a 250 TPD municipal solid waste based bio CNG plant in Coimbatore. The order will be completed under the PPP mode and will be for 20 years on a design build finance operate and transfer basis. As per the condition, the plant will have to start work within 19 months. The estimated cost of this entire project is Rs 78.54 crore. Based on the last closing level, the total market value of the company is 291.31 crores while the free float market cap is Rs 73 crores. How was the performance of the stock? In the last session, the stock closed at 648 with a gain of 0.35 percent. The highest level of the year for the stock is 1166 which was recorded on November 5 last year. The lowest level of the year is 416, which was recorded on June 5 last year. A year ago, the stock was trading below the level of 500.
--Advertisement--
