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Refex Renewables & Infrastructure Subsidiary Acquires Majority Stake in Vyzag Bio-energy Fuel

Updated on: Dec 31, 2024, 3:09 PM IST
Refex Renewables & Infrastructure announced on Monday that its arm RSSL had completed the acquisition of a 51% stake in Vyzag Bio-Energy Fuel.
Refex Renewables & Infrastructure Subsidiary Acquires Majority Stake in Vyzag Bio-energy Fuel
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Refex Renewables & Infrastructure Limited is a prominent Indian firm that specialises in renewable energy solutions, especially in the solar photovoltaic (PV) field. With over 10 years of experience, the company provides a full range of services, including the design, engineering, procurement, construction, installation, and maintenance of solar power systems.

About Acquisition 

On Monday, Refex Renewables & Infrastructure announced that its subsidiary, Refex Sustainability Solutions Ltd (RSSL), has successfully acquired a 51% share in Vyzag Bio-Energy Fuel. This acquisition, completed on 30 December 2024, signifies the start of Vyzag Bio-Energy Fuel’s transition into a subsidiary of RSSL, as well as a step-down subsidiary of Refex Renewables & Infrastructure.

About Vyzag Bio-Energy Fuel

Vyzag Bio-Energy Fuel is a significant player in the renewable energy industry, leading efforts in bioenergy production. The company is renowned for its innovations in biofuels and renewable energy solutions, focusing on developing sustainable energy sources that minimise environmental impact. 

Its core operations include the production of biofuels, as well as the advancement and implementation of bioenergy technologies designed to enhance the accessibility and cost-effectiveness of renewable energy.

Advantages of Combined Resources of RSSL and Vyzag Bio

Following the acquisition, Vyzag Bio-Energy Fuel will operate under the Refex Sustainability Solutions umbrella, and its classification as a step-down subsidiary of Refex Renewables & Infrastructure will facilitate increased collaboration and synergies between the two companies. 

The combined resources of RSSL and Vyzag Bio are expected to promote the development of innovative bioenergy solutions, furthering Refex’s dedication to sustainability and renewable energy initiatives.

Share Price Performance 

Refex Renewables & Infrastructure Ltd., as of 12:59 PM, the share price was ₹840.10 on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Dec 31, 2024, 3:09 PM IST

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