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Prostarm Info Systems zooms on securing LoA from KPTCL

The company has received Letter of Award for setting up of 150 MW/ 300 MWh Standalone Battery Energy Storage System

Prostarm Info Systems is currently trading at Rs 200.75, up by 11.70 points or 6.19% from its previous closing of Rs 189.05 on the BSE.

The scrip opened at Rs 189.95 and has touched a high and low of Rs 207 and Rs 187.05 respectively. So far 213142 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52-week high of Rs 253.00 on 30-Jul-2025 and a 52-week low of Rs 107.10 on 13-Jun-2025.

Last one week high and low of the scrip stood at Rs 207.00 and Rs 181.95 respectively. The current market cap of the company is Rs 1127.74 crore.

The promoters holding in the company stood at 72.82%, while Institutions and Non-Institutions held 6.21% and 20.97% respectively.

Prostarm Info Systems has received Letter of Award (LoA) from Karnataka Power Transmission Corporation (KPTCL) for setting up of 150 MW/ 300 MWh Standalone Battery Energy Storage System in the 400kV Doni Substation (at 220kV Voltage level) of KPTCL, Gadag District, Karnataka, With VGF (State Component) at rental of Rs 2.54 lakh/MW/Month (i.e. yearly rental of Rs 45.72 crore on 150 MW/300 MWh) under Tariff Based Competitive Bidding (TBCB) mode and on Build Own Operate Basis for 12 years.

Prostarm Info Systems is engaged in designing, manufacturing, assembling, sale, service and supply of Energy Storage Equipment and Power Conditioning Equipment (Power Solution Products) in India.