Refex Unit Plans ₹800 Crore Investment for 5.3 MW Wind Turbine Manufacturing.

Venwind Refex Power Ltd, a newly established company under the Chennai-based Refex Group, is set to make a significant investment of ₹800 crore. The funds will be used to establish manufacturing facilities for the production of 5.3 MW nominal capacity wind turbines.

The company, a subsidiary of the NSE-listed Refex Industries Ltd, has finalized a crucial licence agreement with Vensys Energy AG, a prominent German firm known for its expertise in wind turbine technology. Vensys is recognized as a pioneer in 'permanent magnet, medium-speed' generator turbines.

Refex Industries operates across a diverse range of sectors, including refrigeration gases, renewable energy generation, ash and coal handling, power trading, pharma, medtech, and green mobility.

Anil Jain, the founder of Refex Industries, had previously articulated his business philosophy to businessline, stating his approach is to identify opportunities, pursue them through organic growth or acquisitions, and then entrust professionals with their management. This investment in wind turbine manufacturing aligns with the group's strategy of venturing into new business avenues.