Dharan Infra-EPC Limited has secured EPC contracts totalling ₹1,171.21 crore from Skymax Infra Power Limited. This development marks a major leap in the company's renewable infrastructure presence, aligning with its recent strategic expansion through a 100% owned subsidiary focused on solar energy.
Dharan Infra-EPC Limited has entered into a One-Time Settlement (OTS) Agreement with Canara Bank to resolve its outstanding financial obligations. The total settlement value amounts to ₹10 crore, with an initial payment of ₹50 lakh, representing 5% of the outstanding amount.
The remaining balance will be settled in five instalments, with the final payment due within 90 days of the sanction. This settlement marks a significant step in the company’s efforts to restructure its finances, strengthen its balance sheet, and restore credibility with stakeholders.
Although some loans are still classified under default, they are fully secured by collateral valued at approximately twice the principal amount, offering adequate protection for lenders and mitigating any risks to the company’s financial or operational stability.
The newly awarded contracts are for EPC works, including supply and installation at Orvakal Industrial Park in Andhra Pradesh. Around 80% of the contract value involves international procurement of plant and machinery, demonstrating the company’s global sourcing capabilities. The project execution deadline is March 31, 2027, and consolidated revenues and liabilities will be reflected in Dharan Infra-EPC’s financial statements under Ind-AS norms.
To strengthen its renewable energy presence, Dharan Infra-EPC incorporated Dharan Infra Solar Private Limited on August 27, 2025. Based in Nashik, the wholly owned subsidiary will engage in solar module manufacturing, hybrid systems, and R&D. The incorporation was completed with ₹1,00,000 as initial paid-up capital, comprising 10,000 equity shares fully held by the parent company.
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The company has also demonstrated financial prudence by executing an OTS agreement with the Central Bank of India in June 2025. An upfront payment of ₹43 lakh has been made, with the balance to be cleared in 3 structured tranches by January 31, 2026. This move reflects Dharan Infra-EPC’s intent to regularise obligations and build lender confidence.
On September 3, 2025, Dharan Infra-EPC share price opened at ₹0.45 on NSE, above the previous close of ₹0.44. The stock is trading at ₹0.45 as of 9:17 AM.
Over the past week, it has moved up by 9.76%, over the past month, it has moved up by 2.27%, and over the past 3 months, it has declined by 18.18%.
The ₹1,171.21 crore EPC contract win, coupled with its renewable energy expansion and financial restructuring efforts, positions Dharan Infra-EPC as a future-ready player in the infrastructure and green energy space. The company’s evolving strategy indicates a long-term vision of sustainable and diversified growth.
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Published on: Sep 3, 2025, 12:34 PM IST
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