FIIs sold 49,64,107 shares: Penny stock under Re 1 receives Rs 1,171.21 crore order from Skymax Infra Power Ltd

Dharan Infra-EPC Limited has been awarded contracts with an aggregate value of approximately Rs. 1,171.21 crore from Skymax Infra Power Limited. The contracts, which are for EPC works and supply and installation at the Orvakal Industrial Park in Andhra Pradesh, are scheduled for execution until March 31, 2027. A significant portion of the work, approximately 80 per cent, involves the international procurement of plant and machinery, which will be handled by the company's subsidiaries. While these subsidiaries will be responsible for execution, the revenues and liabilities will be consolidated in Dharan Infra-EPC Limited's financial statements.

Additionally, Dharan Infra-EPC Limited has incorporated a wholly-owned subsidiary, Dharan Infra Solar Private Limited, in Nashik, Maharashtra, on August 27, 2025. The new entity, with a paid-up share capital of Rs 1,00,000, will focus on the renewable energy business, including the manufacturing, trading, and operation of solar power projects.

Dharan Infra-EPC Ltd (formerly known as KBC Global Ltd), established in 2007, focuses on real estate construction, development, and civil contracts (EPC). The company primarily builds residential and commercial projects but has recently expanded into large-scale infrastructure like railways, roads, bridges, and ports, and even renewable energy through Dharan Infra Solar Pvt Ltd.

The company has a market cap of over Rs 200 crore. One must beware of this penny stock trading under Re 1, as it is inherently highly volatile and speculative, posing a significant risk of capital loss. The stock often suffers from low liquidity, a lack of transparent financial information and susceptibility to pump-and-dump schemes. In March 2025, FIIs sold 49,64,107 shares or 0.19 per cent stake of the company.

Disclaimer: The article is for informational purposes only and not investment advice.