Penny Stock Surges After Securing Massive EPC Contracts from Skymax Infra Power
Dharan Infra-EPC Limited, a prominent player in the real estate construction and EPC (Engineering, Procurement, and Construction) sector, has recently secured a significant boost in its market position. The company, which focuses on real estate construction, development, and civil contracts, has announced the receipt of EPC contracts worth Rs. 1,171.21 crore from Skymax Infra Power Limited. This major win has naturally drawn attention to the stock, which is currently trading at Rs. 0.44 per share, up 2.33% from its previous close of Rs. 0.43 per share.
The contracts awarded to Dharan Infra-EPC Limited and its designated subsidiaries are for EPC works, supply, and installation at the Orvakal Industrial Park in Andhra Pradesh. The projects are scheduled to be completed by March 31, 2027. Approximately 80% of the contract value is dedicated to international procurement of plant and machinery, which will be managed by the company’s subsidiaries. Despite the subsidiaries handling the project execution, all revenues and liabilities from these contracts will be consolidated in Dharan Infra-EPC’s financial statements, in line with Ind-AS accounting standards.
Dharan Infra-EPC Limited, formerly known as KBC Global Limited, has reassured investors that the promoters, promoter groups, or group companies have no interest in the awarding entity, Skymax Infra Power Limited. This ensures the independence and integrity of the contract. The successful acquisition of these contracts positions Dharan Infra-EPC as a significant player in large-scale EPC and industrial infrastructure projects in India.
Dharan Infra-EPC Limited is an India-based company specializing in EPC services for industrial and infrastructure projects. The company, along with its subsidiaries, handles large-scale plant and machinery procurement, installation, and project execution, consolidating revenues and liabilities in its financial statements. Dharan Infra-EPC has a strong presence in domestic infrastructure development, delivering turnkey solutions while adhering to industry standards and regulatory compliance.
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