Penny stock under Re 1 hit upper circuit after the execution of a material supply agreement by the subsidiary company
DSIJ Intelligence-1 / 03 Nov 2025/ Categories: Penny Stocks, Trending
The company has a market cap of over Rs 245 crore and the stock is up by 41 per cent from its 52-week low of Re 0.34 per share.
Dharan Infra-EPC Limited, through its wholly-owned subsidiary Dharan Infra Solar Private Limited, has executed a significant Supply Agreement with Skymax Infrapower Limited, Uttar Pradesh. This contract involves the subsidiary undertaking the comprehensive design, supply, and installation of plant equipment, structures, and related works for a substantial 75 MW (AC) / 95.10 MWp (DC) grid-interactive, ground-mounted solar photovoltaic power project. This project is strategically located across nine sites in the Nanded District, Maharashtra. This agreement is deemed a material contract in the ordinary course of the Company's business, directly impacting its future consolidated financial and operational performance, reflecting Dharan Infra-EPC Limited's continued focus on the renewable energy sector.
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The total contract value for this ambitious solar power project is approximately Rs 215 crore (Rupees Two Hundred Fifteen Crore only). The scope of work is comprehensive, covering the entire lifecycle of the project from design, engineering, and procurement to supply, installation, testing, and commissioning of the 75 MW AC solar plant. The execution and commissioning will be managed in a phased manner, adhering to a mutually agreed-upon execution plan. Importantly, this is a non-related-party transaction executed as part of the normal business operations of Dharan Infra Solar Private Limited, with Skymax Infrapower Limited acting as the owner.
The project's successful completion will significantly contribute to India's renewable energy capacity and enhance Dharan Infra-EPC Limited's market position. The anticipated Completion Timeline for the project is expected to fall within the financial years FY 2025-26 / FY 2026-27. This timeline underscores the large scale and complex nature of the undertaking, requiring meticulous planning and execution across the nine designated sites in Maharashtra. The project reinforces the subsidiary's capabilities in delivering large-scale solar EPC solutions and solidifies the parent company's growth trajectory in the sustainable infrastructure space.
About the Company
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.
On Monday, shares of Dharan Infra-EPC Ltd (formerly known as KBC Global Ltd), hit a 5 per cent Upper Circuit to Re 0.48 per share from its previous closing of Rs 0.46 per share with 2.5 times Spurt in Volume on the BSE. The company has a market cap of over Rs 245 crore and the stock is up by 41 per cent from its 52-week low of Re 0.34 per share.
Disclaimer: The article is for informational purposes only and not investment advice.