Deals24 Sept 2025, 01:59 pm
Refex Industries Subsidiary, Venwind Refex Power Limited, Secures Rs. 474.45 Crore Order for Wind Power Projects
AI Summary
Refex Industries Ltd. has announced that its subsidiary, Venwind Refex Power Limited (VRPL), has signed a term sheet for the supply of Wind Turbine Generators (WTGs) and Tubular Towers for wind power projects. The leading Independent Power Producer, based in Gujarat, has awarded VRPL an aggregate contract value of Rs. 474.45 Crore. The contract includes the supply, testing, commissioning, and technical assistance for casting WTG foundations and erection of WTGs. The contract is to be executed in two phases, with the first phase to be completed by March 2026 for a contract value of Rs. 142.33 Crore, and the second phase by March 2027 for a contract value of Rs. 332.12 Crore.
Key Highlights
- Refex Industries' subsidiary, Venwind Refex Power Limited, secures a Rs. 474.45 Crore order for wind power projects.
- The order is from a leading Independent Power Producer based in Gujarat.
- The contract includes the supply, testing, commissioning, and technical assistance for casting WTG foundations and erection of WTGs.
- The contract is to be executed in two phases, with the first phase to be completed by March 2026 and the second phase by March 2027.
- This deal marks a significant step for Refex Industries in the renewable energy sector.