Prostarm Info Systems Surges 10% on Winning ₹45.7 Crore Annual KPTCL Battery Storage Project

Mumbai, September 5, 2025: Prostarm Info Systems Limited (NSE: PROSTARM, BSE: 544410) stocks surged 10% to ₹207.27 at 3:03 PM on Friday following the company’s announcement of having received a Letter of Award (LOA) from Karnataka Power Transmission Corporation Limited (KPTCL) for the implementation of a large-scale battery storage facility. Prostarm Info Systems shares have gained 64% in the last six months, dipped 7% in the last month, and gained 9.30% in the previous 5 days.

Prostarm Info Systems opened the session at ₹188.99, climbed to a day’s high of ₹207.27, and touched a low of ₹187.10. The company’s market capitalisation stands at ₹1,220 crore, with a P/E ratio of 36.83. Over the past year, the stock has traded between a 52-week high of ₹253.49 and a 52-week low of ₹108.00.

Prostarm Info Systems Limited, which was listed on NSE and BSE on June 3, 2025, deals in the electrical equipment business, with a niche business in power infrastructure and energy storage solutions.

Key Project Details

Prostarm has been awarded a Letter of Award (LOA) dated September 4, 2025, for installing a 150 MW / 300 MWh independent Battery Energy Storage System (BESS) at the 400 kV Doni Substation located in Gadag District, Karnataka, under the operation of Karnataka Power Transmission Corporation Limited (KPTCL).

The project, which was awarded by tariff-based competitive bidding (TBCB) on a Build-Own-Operate scheme, will have a 12-year contract period. It is likely to yield monthly rental income of ₹2.54 lakh per MW and will be approximately ₹45.72 crore a year. Apart from this, the project shall get Viability Gap Funding (VGF) assistance of ₹27 lakh per MWh, or 30% of the capital cost, whichever is lesser. The LOA was issued at 6:45 p.m. on September 4, 2025.

Prostarm Info Systems’ award of the ₹45.7 crore KPTCL battery storage project highlights its growing role in power infrastructure and energy storage solutions. The 150 MW / 300 MWh BESS project, under a 12-year contract, combines tariff-based income with Viability Gap Funding support, reinforcing the company’s operational visibility and long-term project execution capabilities in the renewable energy sector.

REF: https://nsearchives.nseindia.com/corporate/PROSTARM_05092025112451_SE_KPTCL_LOA.pdf

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