The company is expected to build a new 25MW grid-based solar energy project in Gujarat in collaboration with Swiss company Astom.

Commenting on the future plans Veer Energy chief financial officer Jigar Shah remarked that company also has a rooftop-based pilot project in the works.

"With the successful completion of our pilot project, the company would then focus on big league by developing mega projects," said Shah.

US-based New Millennium Solar Equipment helped the company install about 400 solar panels of 58.5W each.

Veer Energy currently owns a 200MW wind farm project in the country with another 115MW project currently under construction.