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Dharan Infra-EPC announced earlier this week that it had secured solar EPC work contracts worth INR 262.10 crore from a prominent renewable energy company in India. The award comes shortly after the firm, through its wholly owned subsidiary Dharan Infra Solar, bagged EPC contracts totalling INR 1,171.21 crore from Skymax Infra Power for projects at Orvakal Industrial Park in Andhra Pradesh. The latest contracts cover solarisation of agricultural feeders in Uttar Pradesh, with execution set to be completed by April 2026.
Dharan Infra-EPC confirmed earlier this week that it had obtained solar EPC work contracts valued at INR 262.10 crore from a leading renewable energy company in India. The contracts were secured through the company's wholly owned subsidiary, Dharan Infra Solar.
The company explained that the newly awarded projects involve developing a grid-connected solar power plant dedicated to the solarisation of segregated agricultural feeders at distribution substations across several districts in Uttar Pradesh. The projects have been scheduled for execution and completion by April 2026.
According to a company statement, the latest win reaffirmed its execution strength in the renewable energy segment and enhanced its visibility in the order book. The company highlighted that this development adds to an earlier achievement when it secured EPC contracts worth INR 1,171.21 crore from Skymax Infra Power for infrastructure development and renewable-linked works at Orvakal Industrial Park in Andhra Pradesh.
In addition, Dharan Infra-EPC disclosed that it had executed a One-Time Settlement agreement with Canara Bank for INR 10 crore, a move that the firm indicated would strengthen its financial position.
By securing work from both a leading renewable energy company and Skymax Infra Power within the same month, the firm has reinforced its growth trajectory. The company's efforts to strengthen its financial stability through a settlement with Canara Bank further reflect its commitment to building a healthier balance sheet while expanding its renewable project portfolio.
Source - PTI
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