Waaree Renewable Technologies Ltd has announced that the Company has received an award (LOA) from India’s renewable energy group for a turnkey Works of Engineering, Procurement, and Construction (EPC) contract.

The contract is to set up the 140 MW Solar Power Plant in Gujarat province, the company said in a regulatory filing.

In addition, the works will be performed in accordance with the terms of the direct contract and subject to the approval of regulatory and other legal authorizations, as may be applicable. The parties will negotiate in a timely manner and form a direct contract, adds the company.

Source: IIFL Securities