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Refex Industries launches renewable energy subsidiary

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Refex Industries Limited has established a wholly owned subsidiary, Venwind Refex Power Limited, with a subscribed capital of Rs 10 million comprising 100,000 fully paid equity shares at a face value of Rs 10 each. The subsidiary will focus on trading, manufacturing, production, assembly, distribution, and marketing of sustainable energy assets and their components.  It will also offer consulting, engineering, procurement, and construction (EPC) services, along with managing and operating power plants based on renewable…

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Refex and Winvision to form JV to manufacture wind turbines in India

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Chennai-based Refex Industries has formed a joint venture with Winvision Enterprises to establish Refex Green Energy Limited (RGEL), focused on wind energy solutions. Refex will hold a 75.5% stake in RGEL, while Winvision will own the remaining 24.5%.  The JV aims to position RGEL as a comprehensive provider in the wind energy sector, covering manufacturing and assembly of wind turbine generators and components, including nacelle assemblies, hub assemblies, rotor blades, and control equipment. Additionally, RGEL…