Refex Industries Limited has incorporated a wholly owned subsidiary named Venwind Refex Power Limited to expand its operations in the renewable energy sector with a subscribed capital of Rs 10 million consisting of 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, including their components and related equipment. It will also provide consulting, engineering, and engineering, procurement and construction services, alongside managing and operating power plants based on sustainable energy sources.
