Refex Renewables & Infrastructure has received approval for incorporating two new companies as wholly-owned subsidiaries of the company, in a step further towards adding the wind energy portfolio.
The main objects of these companies would be inter-alia, to carry on business of manufacturing, producing, assembling, distributing, transferring, stocking, preserving, supplying, contracting / subcontracting, importing, exporting, buying, marketing, selling, consulting, engineering, designing, research and development, testing, certification, technology tie-ups and knowhow, collaborations, licensing, training and acting as agents in respect of Wind Energy Converters (WEC), Wind Turbine Generators (WTG), Wind Electric Generators (WEG), windmills and components thereof including rotor blades, generators, hub, gearboxes, braking systems, tower, nacelle, control unit and all other components of windmills.
Incorporation of new subsidiaries would result in benefit of operational synergies and the company will be able to explore untapped growth in the wind energy segment and further, it would ensure better feasibility in raising financing from the lenders for the specific project / assets. The Board of Directors of the Company, at its meeting held on November 08, 2024, inter-alia, has considered and approved the same.
Refex Renewables & Infrastructure (formerly known as Sunedison Infrastructure) is engaged in the processing, sale and export of marine products.
