Realty Stock Rockets To Upper Circuit Limit On Major Solar Project Win

The shares of Dharan Infra-EPC Ltd. got stuck in an upper circuit limit at Rs 0.48 per share on Tuesday, November 4, with an upside gap of 4.35% from the previous close. The penny stock below Rs 1 encounters a market capitalization of Rs 245.07Cr.

This rally followed the announcement by Dharan Infra-EPC Limited (previously KBC Global Limited) that its wholly-owned subsidiary, Dharan Infra Solar Private Limited, had signed a major supply deal with Skymax Infrapower Limited in Uttar Pradesh. A 75 MW (AC) and 95.10 MWp (DC) grid-interactive, ground-mounted solar photovoltaic project spread across nine sites in Nanded District, Maharashtra, will be designed, engineered, procured, supplied, installed, and commissioned by the subsidiary.

According to a regulatory filing, the project, which is estimated to be about Rs 215 crore, will be carried out in phases and is anticipated to be finished between FY 2025-2026 and FY 2026-2027. The deal is regarded as substantial to Dharan Infra-EPC Limited's business operations and is anticipated to have a direct impact on its consolidated financial and operational performance.

Recently, the company announced a One-Time Settlement (OTS) arrangement for an overdue debt with the Central Bank of India.

Dharan Infra-EPC has entered into a one-time settlement (OTS) with the Central Bank of India to settle its dues. The aggregate settlement package was for Rs 4.30 crore. The company has already made the front payment of Rs 43 lakh (10%) on July 28, 2025, as part of the deal. The remaining amount will be cleared in three structured payments by January 31, 2026.

"The Company wishes to clarify that while certain loans remain classified under default, they are entirely secured by collateral, the assessed value of which is approximately double the principal sum of the outstanding facilities. This ensures adequate protection for the lenders and mitigates the risk of any material adverse impact on the Company's operational or financial integrity," said Dharan Infra-EPC in a stock exchange filing.

"The aforementioned OTS signifies a constructive milestone in the Company's ongoing efforts to restructure its financial position and regularise its obligations. It shall have a positive bearing on the Company's balance sheet, reinforce its credibility amongst stakeholders, and serve as a foundation for improved financial discipline and growth readiness," Dharan Infra-EPC further confirmed in a regulatory filing.

Dharan Infra Solar Pvt. Ltd. will be involved in the production, design, development, sales and operation of solar modules and hybrid systems. The new entity will provide complete renewable energy solutions, including solar photovoltaic, along with other clean sources of energy.

Founded in 2007, Dharan Infra-EPC (formerly known as KBC Global Ltd.) has transformed from a pure construction company that was into a development of residential & commercial projects to become one of the largest EPC (Engineering, Procurement & Construction) companies in the country, executing projects that include roads, railways, bridges, and ports. With this step into renewables, the company keeps adding to its happy print over Indian's fast-expanding infrastructure and energy landscape.