New Delhi, Jan 20 (PTI) Waaree Renewable Technologies on Monday said that it has secured an order worth Rs 277.20 crore for setting up a ground-mounted solar project of 105 MWp (DC) capacity on a turnkey basis.

The project is scheduled to be completed in 2025-26, as per the terms of the order, a regulatory filing said.

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According to the filing, Waaree Renewable Technologies has received a Letter of Intent (LOI) for the execution of Engineering, Procurement and Construction (EPC) works for a Ground mount solar power project of 105 MWp (DC) capacity on a turnkey basis.

The contract has been awarded by a leading domestic wind energy company.

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Waaree Renewable Technologies shall develop the ground-mount solar power project of 105 MWp capacity on a turnkey basis.

The order value is approximately Rs 277.20 crore (excluding taxes).

The promoter/promoter group/ group companies do not have any interest in the entity that awarded the order(s)/contract(s), it stated.

The order(s)/contract(s) do not fall within related party transactions.

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