Refex Industries Limited has informed the Exchange about Bagging/Receiving of orders/contracts by Venwind Refex Power Limited, a subsidiary of Refex Industries Limited
REFEX · price
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Awaiting price reaction for this filing.
Refex Industries' subsidiary Venwind Refex Power Limited (VRPL) has signed a term sheet to supply Wind Turbine Generators (WTGs) and Tubular Towers to a leading domestic Independent Power Producer. The wind power projects will be set up in Gujarat. The total contract value is Rs. 474.45 Crore, to be executed in two phases: Rs. 142.33 Crore by March 2026 and Rs. 332.12 Crore by March 2027. The scope includes design, manufacturing, supply, testing, commissioning, and technical assistance. The counterparty is a domestic entity, and the order is not a related party transaction.
This is a sizeable order win for VRPL that strengthens Refex Industries' presence in the wind energy supply chain and provides visible revenue over the next 1-2 years. Positive for the stock in the short term, though the order is from a private player rather than a government entity.