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Wind solutions provider Refex Industries Ltd on Wednesday (December 18) said its subsidiary, Venwind Refex Power Ltd (VRPL), has signed a contract for the supply of wind turbine generators for wind power projects with a leading independent power producer. The order involves the supply of WTGs for a total capacity of 148 MW.
The contract scope includes the supply of WTGs for the project along with related technical and supervisory assistance. The work covers design, procurement, manufacturing, assembly, packaging, marking, loading, and supply of the WTGs in line with the contract terms, applicable laws, and industry practices.
The order has been awarded by a domestic entity and relates to wind power projects to be set up in the state of Tamil Nadu. The execution of the contract is scheduled to be completed by September 2026. Refex Industries said neither the promoter nor the promoter group or group companies have any interest in the entity that awarded the contract.
Also Read: Refex Industries shares up over 3% after arm bags ₹475 cr wind project order
This week, the company informed the exchanges that the search operations conducted by the Income Tax Department between December 9 and December 13 concluded late on December 13. Refex Industries said it has not received any communication, notice, or order from the tax authorities indicating any adverse findings following the search.
The company, in its filing, said it and its officers extended full cooperation during the course of the search and furnished all information and documents sought by the authorities. It added that business operations continue as normal and remain unaffected.
Shares of Refex Industries Ltd ended at ₹275.50, down by ₹1.68, or 4.70%, on the BSE.
Also Read: Megasoft to sell 36.52% stake in Swiss arm Extrovis AG for $15 million
The contract scope includes the supply of WTGs for the project along with related technical and supervisory assistance. The work covers design, procurement, manufacturing, assembly, packaging, marking, loading, and supply of the WTGs in line with the contract terms, applicable laws, and industry practices.
The order has been awarded by a domestic entity and relates to wind power projects to be set up in the state of Tamil Nadu. The execution of the contract is scheduled to be completed by September 2026. Refex Industries said neither the promoter nor the promoter group or group companies have any interest in the entity that awarded the contract.
Also Read: Refex Industries shares up over 3% after arm bags ₹475 cr wind project order
This week, the company informed the exchanges that the search operations conducted by the Income Tax Department between December 9 and December 13 concluded late on December 13. Refex Industries said it has not received any communication, notice, or order from the tax authorities indicating any adverse findings following the search.
The company, in its filing, said it and its officers extended full cooperation during the course of the search and furnished all information and documents sought by the authorities. It added that business operations continue as normal and remain unaffected.
Shares of Refex Industries Ltd ended at ₹275.50, down by ₹1.68, or 4.70%, on the BSE.
Also Read: Megasoft to sell 36.52% stake in Swiss arm Extrovis AG for $15 million
