India's equity benchmarks inched lower on Tuesday as markets consolidated after last month's sharp rally, with profit-booking in heavyweight financials and IT stocks overpowering gains in Bharti Airtel and Titan Company.
The Nifty 50 eased 0.3% to 25,684.55, while the Sensex fell 0.27% to 83,747.57, as of 10:24 a.m. IST.
Dharan Infra-EPC Limited (formerly known as KBC Global Limited), through its wholly-owned subsidiary Dharan Infra Solar Limited, has announced the execution of a significant Supply Agreement with Skymax Infrapower Limited, Uttar Pradesh.
The contract is valued at approximately ₹215 crore. This agreement is deemed a material contract in the ordinary course of business for Dharan Infra-EPC Limited, significantly impacting its consolidated financial and operational performance. The transaction is non-related-party in nature.
Under the terms of the agreement, Dharan Infra Solar Private Limited (the Supplier) will be responsible for a comprehensive range of activities related to setting up and operating a large-scale solar project. The scope includes:
The solar installation will be a 75 MW (AC) / 95.10 MWp (DC) grid-interactive, ground-mounted solar photovoltaic power project. The overall project is defined as a 75 MW AC solar project.
Location and Timeline
The project will be established across nine sites located in the Nanded District, Maharashtra.
Execution and commissioning will occur in a phased manner, adhering to a mutually agreed execution plan. The completion timeline is expected to fall within FY 2025-26 / FY 2026-27.
| Role | Entity |
| Owner | Skymax Infrapower Limited |
| Supplier | Dharan Infra Solar Private Limited (Subsidiary of Dharan Infra-EPC Limited) |
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 Tuesday, November 4, shares of Dharan Infra-EPC Ltd (formerly known as KBC Global Ltd), hit a 5% Upper Circuit to ₹0.48 per share from its previous closing of ₹0.46 per share with 2.5 times Spurt in Volume on the BSE. The company has a market cap of over ₹245 crore, and the stock is up by 41% from its 52-week low of ₹0.34 per share.
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