Dharan Infra-EPC Bags Massive ₹1171 Crore Project! 🏗️

Hey there, finance enthusiasts! 👋 We’ve got some exciting news from the infrastructure sector today. Dharan Infra-EPC Limited (DHARAN), a name you might know, has just announced a significant win that’s sure to turn heads.

The company has successfully bagged new work contracts totaling a whopping ₹1171.21 crore! 💰 This massive order comes from Skymax Infra Power Limited and is set to boost Dharan Infra-EPC’s project pipeline considerably.

So, what’s the scoop on this big project? The contracts primarily involve EPC (Engineering, Procurement, and Construction) works, along with the supply and installation of necessary components. All this action is slated for the Orvakal Industrial Park in Andhra Pradesh.

What’s really interesting is the scope: a significant chunk, approximately 80% of the total value, is dedicated to the international procurement of plant and machinery. This part of the project will be handled through Dharan Infra-EPC’s subsidiary entities. But don’t worry about the financials getting complicated; the revenues and liabilities from these projects will be fully consolidated into Dharan Infra-EPC Limited’s financial statements, adhering to Ind-AS and applicable accounting standards.

The company aims to complete these extensive works by March 31, 2027, giving us a clear timeline for this ambitious undertaking. And for those wondering about potential conflicts of interest, Dharan Infra-EPC has clarified that none of its promoters, promoter group, or group companies have any interest in Skymax Infra Power Limited, ensuring a clean deal.

This substantial order highlights Dharan Infra-EPC’s growing capabilities and its strong position in the infrastructure development space. It’s definitely a development to keep an eye on! 👀

source: Corporate Announcement

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