Grew Energy said it has bagged an order to supply 200 MW of solar modules.
The company has secured the project under an auction process conducted by the Solar Energy Corporation of India (SECI), it said in a statement.
"Grew Energy secures 200 MW of SECI's 400 MW solar PV module auction. Grew amongst the 3 MNRE approved manufacturers to win the mandate to manufacture, test, package, forward, supply and transport the solar PV module," the company said in the statement.
The delivery of solar modules and their spare parts has to be completed over a nine-month period.
"We are equipped with the technology and have the bandwidth to contribute to multiple solar products across the country," Vinay Thadani, CEO and Director of Grew Energy, said in the statement.
The evaluated bid price is finalised at Rs 22.66 per Watt peak (Wp) for all three bidders, creating a standardised rate for the supply of modules and also establishing preference for the upcoming subsequent auctions.
Founded in 2022, Grew aims to propel India's vision to become the next renewable energy giant with its innovative solar solutions.
