Refex Renewables Appoints Veteran Executive as COO for CBG Business
Refex Renewables & Infrastructure Ltd has announced an internal reorganization of its leadership, promoting Vice-President Rajeev Vaze to the position of Chief Operating Officer (COO) for its Compressed Bio-Gas (CBG) business vertical.Effective May 01, 2026, Mr. Vaze will lead the CBG business, where he will be designated as a senior managerial person. Furthermore, his payroll is shifting to Refex Sustainability Solutions Limited (RSSL), which operates as a wholly-owned subsidiary and Hold Co. of the CBG vertical.
Previously serving as Vice-President and Head of Supply Chain Management (SCM), Mr. Vaze will assume significant responsibilities aimed at driving the complete operations of the CBG business. His key areas of responsibility include strategic planning and development for the Compressed Biogas division, scouting for new inorganic growth opportunities such as mergers, acquisitions, joint ventures, and strategic partnerships. He will also be responsible for ensuring the seamless integration of acquired entities, developing and managing the budget for the CBG vertical, and overseeing the setup of CBG production facilities, including site selection.
Rajeev Vaze brings over 30 years of extensive experience in the renewable energy and infrastructure sectors. He is a recognized leader in Strategic Procurement, Cost Optimization, and Project Execution. Mr. Vaze holds a Graduate degree in Mechanical Engineering from the University of Pune and a Post Graduate Diploma in Materials Management from Symbiosis Institute of Business Management, Pune. His professional background includes impactful assignments at industry-leading companies such as Vikram Solar, Suzlon Energy, Kirloskar Brothers Ltd, and Thermax Ltd.
For a detailed overview of the transition, the following key particulars were noted:
| Particulars | Detail |
|---|---|
| Reason for Change | Re-designation (Senior Managerial Person) |
| New Designation | Chief Operating Officer - Compressed Bio-Gas (CBG) business |
| Effective Date | May 01, 2026 |
| Previous Role | Vice-President, Head - Supply Chain Management |
| Experience | Over 30 years in renewable energy and infrastructure |
| Education | Graduate degree in Mechanical Engineering (University of Pune) |
Stock Price Movement
At the close of trade on Monday, Refex Renewables & Infrastructure Ltd shares settled at ₹324.50, marking a 0.79% dip for the day. The stock saw action throughout the session, trading within a tight range between a low of ₹323.85 and a high of ₹324.50.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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