
Prostarm to set up 1.2 GWh Battery Energy Storage Facility at Reliance MET, Haryana
Prostarm Info Systems Limited announced on July 8, 2025, that it will establish its first Battery Energy Storage System (BESS) manufacturing facility at Reliance MET City, Jhajjar, Haryana. This move marks a significant expansion into the fast-growing BESS market, complementing Prostarm's existing power electronics and critical power solutions business. Key details of the project: Capacity: 1.2 GWh annual manufacturing capacity.
Location: Reliance MET, Jhajjar, Haryana.
Land & Facility: 3,912.15 sq. meters of land on a 9-year lease (May 2025–April 2034), with a 34,000 sq. ft. covered shed.
Investment: Approx. ₹25 crore for advanced machinery, infrastructure, and power upgrades.
Timeline: Facility expected to be commissioned by the end of FY26.
Application: Will cater to both Commercial & Industrial (C&I) and Utility-scale energy storage needs. Why is this important? India's BESS market is projected to grow from less than 0.2 GW today to 66 GW by 2032 — a massive opportunity.
BESS supports renewable energy integration, reduces CO₂ emissions, improves grid stability, and is becoming more affordable due to falling lithium-ion battery costs.
Prostarm aims to position itself among the few Indian OEMs in BESS manufacturing, targeting EPC contractors and developers directly. Recent wins & future potential: Already secured: 22 MWh order from Adani Electricity Mumbai Limited worth ~₹52 crore. LOI from Bihar State Power Generation Company for a 120 MWh project on a BOOT model with a 12-year term.
These contracts underscore Prostarm's capabilities and credibility in this emerging sector. What does Prostarm do?
Prostarm designs, manufactures, and services energy storage and power conditioning equipment under its brand. Its portfolio includes UPS systems, inverters, lithium-ion battery packs, solar solutions, and value-added services like AMC and rentals. It also undertakes rooftop solar EPC projects.
Quote from CEO, Ram Agarwal:
'This strategic expansion into the BESS segment leverages our core expertise, opening significant new revenue streams and placing us at the forefront of India's energy transformation.'
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Axios
14 minutes ago
- Axios
How global tensions are complicating tariff-fueled inflation risks
Economists are considering a new inflation risk: geopolitical tensions that keep upward pressure on prices, especially on the energy front. The big picture: Despite messaging to the contrary over the weekend, a top White House official confirmed Monday that the administration will still impose heavy tariffs on India, a major buyer of Russian oil, second only to China. That comes as the administration considers whether to impose even more economic penalties on Russia as its war against Ukraine drags on — a move that could reverberate across the global economy. Driving the news: That uncertainty is part of the backdrop as European leaders and Ukrainian President Volodymyr Zelensky arrive in Washington, D.C., for talks about a path to end the war. The high-stakes Trump-Putin summit in Anchorage concluded without a ceasefire agreement or peace deal, an outcome that President Trump previously warned would bring severe consequences. Bloomberg reported last week that the Trump administration was considering the possibility of sanctions on Russia's largest oil producers, an action that officials hoped would be short-lived, given the possible impact on prices. But after the summit, Trump said he wouldn't think about the possibility of sanctions for "two or three weeks." Secretary of State Marco Rubio said Sunday that additional sanctions might further delay peace talks. Yes, but: Top Trump adviser Peter Navarro said Monday that the White House would move to hit Russia indirectly with secondary tariffs targeting India. "India's dependence on Russian crude is opportunistic and deeply corrosive of the world's efforts to isolate Putin's war economy," Navarro wrote in an op-ed published in the Financial Times. Navarro, an influential voice on trade and tariffs, said the Trump administration's plans to double tariffs on Indian goods to 50% — set to take effect next week — was a "two-pronged policy." It will "hit India where it hurts — its access to US markets — even as it seeks to cut off the financial lifeline it has extended to Russia's war effort," Navarro wrote in the op-ed. What they're saying:"The U.S. adviser's sharp words on India's Russian crude imports, paired with postponed trade talks, revive concerns that energy flows remain hostage to trade and diplomatic frictions," Priyanka Sachdeva, an analyst at Singapore-based firm Phillip Nova, told CNBC. Between the lines: Energy prices have been stable since Trump took office, offsetting some of the tariff-related price hikes. Crude prices are below the recent peak in June after tensions flared between the U.S. and Iran. Energy prices are down 1.6% from a year ago, while gasoline prices are 9.5% lower, according to the July Consumer Price Index. Global oil demand has been tepid; any knock to supply might not be particularly meaningful. The Department of Energy's independent statistics agency expects lower oil prices next year. Flashback: The opposite dynamic prevailed during the Biden era. Energy prices soared as Russia invaded Ukraine and officials took steps to cut off the world's supply of Russian oil. The move was seen as necessary from a geopolitical standpoint. Economically, it ignited inflation that was already on the upswing.


Washington Post
38 minutes ago
- Washington Post
Signs of thaw as the Indian and Chinese foreign ministers meet in New Delhi
NEW DELHI — The foreign ministers of India and China met in New Delhi on Monday in a renewed effort by the nuclear-armed Asian rivals to ease tensions after a five-year border standoff significantly hurt relations. India's foreign minister, Subrahmanyam Jaishankar, welcomed Wang Yi for talks aimed at stabilizing relations that plunged in 2020 after security forces clashed along the disputed Himalayan border. The violence, the worst in decades, left 20 Indian soldiers and four Chinese soldiers dead, freezing high-level political engagements. Since then, the two sides have deployed tens of thousands of security forces in border areas. Last year, India and China agreed to a pact on border patrols and withdrew additional forces from some border areas. Jaishankar in opening remarks Monday called for deescalation of border tensions to give positive momentum to bilateral ties. 'Having seen a difficult period in our relationship, our two nations now seek to move ahead. This requires a candid and constructive approach from both sides,' Jaishankar said. Wang said there has been peace and tranquility along the borders and China has allowed Indian pilgrims to visit some key places in the Tibet autonomous region. The Chinese foreign minister is scheduled to meet Indian Prime Minister Narendra Modi on Tuesday and hold talks with Indian National Security Adviser Ajit Doval about the disputed border . Reducing the number of troops there is expected to be on the agenda. Wang's India visit coincides with friction between New Delhi and Washington after U.S. President Donald Trump imposed a 50% tariff on Indian goods, which includes a penalty of 25% for purchasing Russian crude oil. The tariffs take effect Aug. 27.


The Hill
an hour ago
- The Hill
Navarro: India must stop buying Russian oil
White House trade adviser Peter Navarro said India must stop buying and selling Russian oil if it wishes to garner favor with the Trump administration, which has upped tariffs on New Delhi to 50 percent. President Trump this month announced an additional 25 percent tariff on Indian goods over the country's purchases of Russian oil, arguing India is fueling Moscow's war efforts in Ukraine. The new tariff, which is set to take effect next week, adds to the 25 percent 'reciprocal' tax on Indian imports already in place. Navarro doubled down on the administration's position in an op-ed Monday in the Financial Times, saying the proceeds from the crude oil 'flow to India's politically connected energy titans, and in turn, into Vladimir Putin's war chest.' 'India's dependence on Russian crude is opportunistic and deeply corrosive of the world's efforts to isolate Putin's war economy. In effect, India acts as a global clearinghouse for Russian oil, converting embargoed crude into high-value exports while giving Moscow the dollars it needs,' Navarro wrote in the op-ed. Navarro touted the 'two-pronged policy' approach to tariffs on Indian imports, saying it will 'hit India where it hurts — its access to US markets.' 'If India wants to be treated as a strategic partner of the US, it needs to start acting like one,' Navarro wrote. India has remained defiant in the face of U.S. tariff threats and has accused administration officials of being hypocritical. Past administrations encouraged the India-Russia energy trade to help stabilize global markets, and both the U.S. and Europe continue to spend billions on Russian energy and commodities. 'In this background, the targeting of India is unjustified and unreasonable,' a spokesperson for India's Ministry of External Affairs said in a statement earlier this month responding to Trump's tariff threats over Russian oil. 'Like any major economy, India will take all necessary measures to safeguard its national interests and economic security,' the spokesperson added. The Navarro op-ed comes as Trump readied to meet Ukrainian President Volodymyr Zelensky and other European leaders to debrief after his historic summit with Russian President Vladimir Putin on Friday.