Refex Industries expands renewable energy footprint with new subsidiary

Refex Industries Limited disclosed the incorporation of Venwind Refex Projects Limited (VRPL) on November 25, 2025. VRPL will operate as a wholly-owned step-down subsidiary of Venwind Refex Power Limited, which is itself a subsidiary of Refex Industries. This move expands Refex's footprint in the renewable energy sector.

VRPL has an initial subscribed capital of ₹1,000,000, funded by Venwind Refex Power Limited for 100% equity shares. The new entity is structured to engage in generating, transmitting, distributing, and trading power from various energy sources. It will also develop and operate related facilities, and undertake EPC/EPCM/BOP works. As a newly incorporated entity, VRPL currently has no turnover.