Prostarm To Set Battery Storage Manufacturing Facility; Stock Gains More Than 6%
By Ankur Chandra | Updated at: Jul 8, 2025 04:10 PM IST
Mumbai, July 8, 2025 – Prostarm Info Systems Ltd (BSE: 544410 | NSE: PROSTARM) has announced to establish its first Battery Energy Storage System (BESS) manufacturing facility in Reliance MET City, Jhajjar, Haryana.
The share price of the company has surged 5.09% to close at ₹164.00, hitting a 52-week high after the company announced a ₹25 crore investment to set up a 1.2 GWh Battery Energy Storage System (BESS) manufacturing facility in Reliance MET City, Jhajjar, Haryana.
The rally follows a strategic move that positions Prostarm at the forefront of India’s rapidly expanding energy storage sector.
₹25 Cr Capex for New Energy Storage Facility
Prostarm has secured a 9-year lease (May 2025 – April 2034) for a 3,912.15 sq. meter land parcel with a 34,000 sq. ft covered shed at MET City. The ₹25 crore investment will fund:
- Advanced machinery for BESS manufacturing
- HVAC systems and anti-static flooring
- Power upgrades and warehousing
- Office and integration infrastructure
The facility is scheduled for commissioning by the end of FY26, with a manufacturing capacity of 1.2 GWh annually to serve both Commercial & Industrial (C&I) and Utility-scale projects.
Major Orders Already Secured
The BESS business has already gained traction with marquee orders:
| Client | Capacity | Scope | Financials |
|---|---|---|---|
| Adani Electricity Mumbai Ltd | 22 MWh | Design, supply, installation, testing, commissioning | ₹52 crore approx. |
| Bihar State Power Generation Co. Ltd | 120 MWh | BOOT model (12 years, rental basis) | ₹4.44 lakh/MW/month |
These wins signal a robust order pipeline and long-term revenue visibility from high-quality counterparties.
Market Snapshot (As of July 8, 2025 | 14:53 IST)
| Metric | Value | Metric | Value |
|---|---|---|---|
| Current Price | ₹164.00 | 52W High / Low | ₹165.00 / ₹107.10 |
| Previous Close | ₹156.05 | Day’s Range | ₹155.40 – ₹165.00 |
| VWAP | ₹160.21 | Turnover | ₹6.73 Cr |
| TTQ | 4.21 lakh | 2W Avg Qty | 2.70 lakh |
| Mcap (Full) | ₹961.42 Cr | Mcap (Free Float) | ₹182.90 Cr |
| Index | BSE IPO | Category | Listed |
| Settlement Type | B / T+1 | Face Value | ₹10.00 |
India’s BESS Market Outlook
India’s battery storage market is forecast to leap from <0.2 GW currently to 66 GW by 2032, with over 44 GW expected by 2030. Key growth drivers include:
- Need for grid stability in renewable-heavy systems
- C&I sector shift from diesel gensets to BESS
- Declining lithium-ion battery costs
Management Commentary
“This strategic expansion marks our entry into the fast-growing BESS segment, which is a natural extension of our power electronics expertise. We aim to become one of India’s few OEMs offering BESS solutions, unlocking new revenue streams,” said Mr. Ram Agarwal, Whole Time Director & CEO.
About Prostarm
Prostarm Info Systems Ltd designs and manufactures energy storage and power conditioning equipment including UPS, lift inverters, lithium-ion battery packs, SCVS, isolation transformers, and solar hybrid inverters. The company executes rooftop solar EPC projects and provides end-to-end services including rentals and AMC. It is listed on both BSE and NSE and classified under “Other Electrical Equipment.”
CIN: U31900MH2008PLC186540
Website: www.prostarm.com
Headquarters: Navi Mumbai, Maharashtra
The stock is part of the BSE IPO index and is riding high on investor optimism as it aligns with India’s renewable energy future.
REF:https://www.bseindia.com/xml-data/corpfiling/AttachLive/91d6060c-de2a-4468-8ce0-560dd07e3c0a.pdf
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