Image Source: Business Standard
Refex Renewables & Infrastructure Ltd confirmed its operations remain unaffected despite Income Tax Department search operations at group locations. The company assured stakeholders of business continuity, emphasizing ongoing renewable energy projects and client commitments. Analysts expect limited impact, with Refex reiterating its focus on India’s clean energy growth trajectory.
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Refex Renewables & Infrastructure Ltd confirmed that its business operations remain unaffected despite ongoing search operations conducted by the Income Tax Department at multiple Refex Group locations. The company emphasized continuity in its renewable energy and infrastructure projects, reassuring stakeholders that day-to-day activities and commitments are proceeding without disruption.
Key Highlights
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Tax Department Action: The Income Tax Department initiated search operations at Refex Group offices and facilities, citing compliance checks.
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Company Statement: Refex clarified that business operations are running smoothly, with no impact on ongoing projects or client deliveries.
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Sector Context: As a player in renewable energy and infrastructure, Refex is engaged in solar power, energy storage, and allied services, making operational continuity critical for partners and investors.
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Investor Sentiment: While regulatory scrutiny may raise short-term concerns, the company’s assurance of unaffected operations is expected to stabilize market confidence.
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Strategic Outlook: Refex reiterated its commitment to India’s clean energy transition, highlighting that compliance processes will not derail its long-term growth trajectory.
This development underscores the balance between regulatory oversight and operational resilience, with Refex Renewables maintaining stability amid tax-related investigations.
Sources: Reuters, Economic Times, Business Standard
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