Dharan Infra-EPC Limited (BSE: 541161), formerly known as KBC Global Ltd, announced that its wholly owned subsidiary Dharan Infra Solar Pvt. Ltd. has recently executed a supply agreement with Skymax Infrapower Limited, Uttar Pradesh. The contract value is approximately 215 crore rupees.
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. This is a non-related party transaction carried out in the ordinary course of business.
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 a second major contract from Skymax Infrapower Ltd. On 31st August 2025, company had secured EPC contracts worth Rs. 1171.21 crores from Skymax Infra Power Limited, for infrastructure development and renewable-linked EPC works at Orvakal Industrial Park, Andhra Pradesh. With execution scheduled through March 31, 2027, nearly 80% of the scope involving international procurement of plant and machinery. This milestone adds to Dharan Infra-EPC’s execution track record, enhances order book visibility, and strengthens its position in the green energy sector.
In August 2025, the company set up a wholly owned subsidiary called Dharan Infra Solar Private Limited, located in Nashik, Maharashtra. This new venture will work in the renewable energy and solar power space, with a focus on designing, manufacturing, and developing solar modules, hybrid systems, and other related technologies.
Earlier company’s wholly owned subsidiary - Dharan Infra Solar Pvt. Ltd was awarded solar EPC work contracts aggregating to Rs. 262.10 crores. The awarded contracts are for the development of a grid-connected solar power plant for the solarization of segregated agriculture feeders at distribution substations across multiple districts in Uttar Pradesh. April 30, 2026 is the target date for completion of project execution. With this, the company solidifies its position in green energy space.
As part of its financial restructuring efforts, the company reached a One-Time Settlement (OTS) with the Central Bank of India in June 2025. It has already made an upfront payment of ₹43 lakh, which accounts for 10 percent of the total settlement amount. The balance will be cleared in three planned installments, with the final payment expected to be completed by January 31, 2026.
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