New Delhi, Mar 26 (PTI) Waaree Renewable Technologies Ltd on Wednesday said it has secured a new solar project worth Rs 232.30 crore from a domestic entity.

The 170 MW solar power project will be executed on a turnkey basis, covering comprehensive Engineering, Procurement, and Construction (EPC) services, along with long-term Operation & Maintenance (O&M), Waaree Renewable Technologies Ltd (WRTL) said in a statement.

Also Read | 'L2: Empuraan': 'Rooting for You, Dear Lal and Prithvi'! Mammootty's Sweet Wish for Mohanlal and Prithviraj Will Win Your Hearts!.

WRTL has received a Letter of Award (LOA) for the execution of a ground-mounted solar power project with an installed capacity of 170 MW AC/255 MW DC, it said.

The project will contribute significantly to carbon offset efforts, reducing an estimated 225,000 metric tonnes of CO2 emissions annually which is equivalent to removing nearly 50,000 fossil fuel-powered cars from the roads each year.

Also Read | Famous Birthdays on March 26: Keira Knightley, Shaheer Sheikh, Nancy Pelosi and Kedar Jadhav - Know About Celebrities and Influential Figures Born on March 26.

WRTL is a subsidiary company of Waaree Group which has completed 10,000 solar projects with cumulative installation done for over 1.82 GW.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)