Refex Green sets up three CBG SPVs for waste-to-gas projects
Refex Green Power Limited, a wholly owned subsidiary of Refex Industries Limited, has incorporated three new step-down subsidiaries to develop municipal solid waste-based bio-compressed natural gas (CBG) plants. The new entities are Refex CBG SPV Limited, Refex CBG SPV (Salem) Limited, and Refex CBG SPV (Madurai) Limited. Each of them has been established with a paid-up equity share capital of Rs 1 million. These special purpose vehicles (SPVs) will operate under the public-private partnership (PPP)…