Refex Renewables & Infrastructure announced on Monday that its subsidiary, Refex Sustainability Solutions Ltd, has acquired a 51% stake in Vyzag Bio-Energy Fuel. The deal, completed on December 30, 2024, positions Vyzag Bio as a subsidiary of RSSL and a step-down subsidiary of Refex Renewables. The acquisition involves RSSL purchasing a 51.03% equity stake through a combination of shares bought from existing promoters and fresh equity infusion. This strategic move aligns with Refex’s commitment to sustainable energy solutions. Vyzag Bio operates a Compressed Bio-Gas (CBG) plant that processes segregated municipal waste to produce biogas. The facility boasts a production capacity of 850 kilograms of CBG daily, marking a notable contribution to India’s green fuel initiatives. The total acquisition cost, including share purchase and fresh capital infusion, stands at approximately ₹2.90 crore, as per a prior company filing. This development underscores Refex Renewables’ focus on diversifying its renewable energy portfolio while promoting sustainable waste management and clean energy production.