Dharan Infra Share Price Hits Upper Circuit After ₹215 Crore Solar Contract Win

Dharan Infra-EPC Limited shares surged to the upper circuit on November 1, 2025, after the company announced that its wholly owned subsidiary, Dharan Infra Solar Private Limited, secured a major contract worth ₹215 crore from Skymax Infrapower Limited. 

The agreement involves designing, supplying, and installing a large-scale solar power project in Maharashtra, significantly boosting Dharan Infra’s growth outlook in the renewable energy sector.

Subsidiary Secures ₹215 Crore Solar Project

According to the company’s exchange filing dated October 31, 2025, Dharan Infra Solar Private Limited will execute the design, engineering, procurement, supply, installation, testing, and commissioning of a 75 MW (AC) / 95.10 MWp (DC) grid-interactive, ground-mounted solar photovoltaic project. The project will be spread across nine sites in Nanded District, Maharashtra, and will be executed in a phased manner through FY 2025-26 and FY 2026-27.

This project is classified as a material contract under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as it will have a direct impact on the company’s consolidated financial and operational performance. The deal further enhances Dharan Infra’s presence in India’s renewable infrastructure landscape, particularly in large-scale solar EPC (Engineering, Procurement, and Construction) projects.

Details of the Agreement and Business Impact

The contract, signed with Skymax Infrapower Limited, Uttar Pradesh, is valued at approximately ₹215 crore. It covers complete project lifecycle activities from design and engineering to commissioning, making it a comprehensive EPC engagement. 

The project’s execution aligns with the government’s clean energy targets and highlights Dharan Infra’s strategic shift towards renewable energy ventures.

Read More: RailTel Secures ₹136 Crore Defence Contract for Telecom P2P Links!

Dharan Infra-EPC Share Price Performance

On November 3, 2025, Dharan Infra-EPC share price opened at ₹0.44 on NSE, near the previous close of ₹0.44. During the day, it surged to ₹0.46 and dipped to ₹0.44. The stock is trading at ₹0.46 as of 12:36 PM. The stock registered a significant gain of 4.55%.

Over the past week, it has moved up by 4.55%, over the past month, it has declined by 13.21%, and over the past 3 months, it has remained unchanged.

Conclusion

The ₹215 crore solar project win reinforces Dharan Infra’s credentials as a leading EPC player in India’s green infrastructure space. The stock’s strong rally reflects market confidence in the company’s execution capabilities and future growth potential driven by sustainable energy initiatives.

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