India's shares rose on Wednesday in a broad-based rally, fuelled by hopes of progress in trade talks with the US, while expectations of a US rate cut also lifted information technology stocks.
The Nifty 50 rose 0.49% to 24,991.25 and the Sensex gained 0.5% to 81,506.04 as of 09:37 a.m. IST.
Meanwhile, the share price of Dharan Infra locked in the 2% upper circuit as the company received work orders for the development of a grid-connected solar power plant in Uttar Pradesh.
Dharan Infra EPC Limited (formerly KBC Global Limited) has announced that its wholly-owned subsidiary, Dharan Infra Solar Private Limited, has secured significant work contracts totalling approximately ₹262.10 crore. These contracts were awarded by a leading renewable energy company in India, specialising in solar power development.
The contracts pertain to the development of a grid-connected solar power plant. This plant is intended for the solarisation of segregated agriculture feeders at various distribution substations across different districts of Uttar Pradesh. The execution of these projects is scheduled to be completed by April 30, 2026.
While the subsidiary, Dharan Infra Solar Pvt. Ltd., is contractually responsible for the execution of these projects, all revenues and liabilities arising from these contracts will be consolidated in the financial statements of Dharan Infra EPC Limited. This consolidation will be done in accordance with Ind-AS and other applicable accounting standards.
Dharan Infra-EPC Ltd is in the business of real estate construction, development, civil contracts (EPC) and other related activities. The company has a total market capitalisation of ₹261 crore, and it has received a work order of ₹262.10 crore.
Adding to these positive developments, on September 2, 2025, Dharan Infra-EPC Limited announced the execution of an OTS Agreement with Canara Bank for the structured resolution of its outstanding financial obligations. The total settlement value for this agreement is ₹10 crore.
As part of the settlement, the company has made an initial upfront payment of ₹50,00,000, representing 5% of the outstanding amount. The remaining balance is structured to be discharged in five instalments, with the final payment due within 90 days from the sanction date.
On Wednesday, September 10, Dharan Infra-EPC share price hit its upper circuit limit of the day on NSE of 2%.
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