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Dharan Infra-EPC share price hit 5% upper circuit on Monday after the company announced that its wholly-owned subsidiary recently executed a Supply Agreement with Skymax Infrapower Limited.
The penny stock jumped as much as 5% to ₹0.48 apiece on the BSE.
The rally in Dharan Infra-EPC share comes amid a muted trend in the Indian stock market today.
Dharan Infra-EPC said that its wholly owned subsidiary Dharan Infra Solar Pvt. Ltd. recently executed a supply agreement with Skymax Infrapower Limited, Uttar Pradesh for a contract valued approximately ₹215 crore.
The agreement mainly covers the design, engineering, procurement, supply, installation, testing and commissioning of a 75 MW Alley Solar Project.
The project will be developed across nine sites in the Nanded district of Maharashtra. It is expected to be completed during FY 2025-26 to FY 2026-27, Dharan Infra-EPC said in a release.
Under this agreement, Dharan Infra Solar Private Limited will undertake the design, Supply and Installation of Plant Equipment, structures and related works for setting up and operating a 75 MW (AC) / 95.10 MWp (DC) grid-interactive, Ground-mounted solar photovoltaic power project at nine sites located in Nanded district, Maharashtra.
This is the second major contract from Skymax Infrapower Ltd. Earlier on 31st August 2025, the company had secured EPC contracts worth ₹1,171.21 crore from Skymax Infra Power Limited, for infrastructure development and renewable-linked EPC works at Orvakal Industrial Park, Andhra Pradesh.