Refex Renewables & Infrastructure’s wholly-owned subsidiary -- Refex Sustainability Solutions (RSSL) has completed the acquisition of 51.03% equity stake, from the existing promoters and investment by way of fresh equity infusion in Vyzag Bio-Energy Fuel (Vyzag Bio), thereby, making this entity, a subsidiary of RSSL and step-down subsidiary of Refex Renewables & Infrastructure with effect from December 30, 2024.
The acquisition of Vyzag Bio is a step forward towards strategic expansion and entering into Compressed Bio-Gas (CBG) business. Vyzag Bio operates a CBG plant producing biogas from segregated municipal waste, which involves processing organic material derived from municipal solid waste. The plant is designed with a capacity to output 850 kg of CBG per day, making it a significant contributor to green fuel production.
Refex Renewables & Infrastructure (formerly known as Sunedison Infrastructure) is engaged in the processing, sale and export of marine products.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
| View more.. | |
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