Mumbai, September 5 (Kiran News) — Shares of Prostarm Info Systems surged on Friday after the company announced it had received a Letter of Award (LoA) from the Karnataka Power Transmission Corporation (KPTCL) for a large-scale battery energy storage project.
At 11:00 am, the stock was trading at ₹200.75, up 6.19% from its previous close of ₹189.05 on the BSE. The scrip opened at ₹189.95 and touched an intraday high of ₹207.00 and a low of ₹187.05. A total of 2,13,142 shares were traded on the counter.
The BSE ‘B’ group stock, with a face value of ₹10, has a 52-week high of ₹253.00 (July 30, 2025) and a 52-week low of ₹107.10 (June 13, 2025). Its current market capitalisation stands at ₹1,127.74 crore. Promoters hold 72.82%, while institutional and non-institutional investors own 6.21% and 20.97% respectively.
The order involves the setup of a 150 MW/300 MWh standalone Battery Energy Storage System (BESS) at the 400kV Doni Substation (220kV level) in Gadag district, Karnataka. The project will be executed under the Tariff-Based Competitive Bidding (TBCB) mode on a Build, Own, Operate basis for 12 years.
The project comes with Viability Gap Funding (State Component) at a rental rate of ₹2.54 lakh/MW/month, amounting to an annual rental of ₹45.72 crore for the 150 MW/300 MWh system.
Prostarm Info Systems designs, manufactures, assembles, and supplies energy storage equipment and power conditioning products in India.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
