New Delhi, Nov. 3 -- Dharan Infra-EPC share price hit 5% upper circuit on Monday after the company announced that its wholly-owned subsidiary recently executed a Supply Agreement with Skymax Infrapower Limited. The penny stock jumped as much as 5% to Rs.0.48 apiece on the BSE.

The rally in Dharan Infra-EPC share comes amid a muted trend in the Indian stock market today.

Dharan Infra-EPC said that its wholly owned subsidiary Dharan Infra Solar Pvt. Ltd. recently executed a supply agreement with Skymax Infrapower Limited, Uttar Pradesh for a contract valued approximately Rs.215 crore.

The agreement mainly covers the design, engineering, procurement, supply, installation, testing and commissioning of a 75 MW Alley Solar Project. The proje...