Latest news with #Prostarm
Time of India
17-07-2025
- Business
- Time of India
Prostarm Info Systems to invest $2.9 mn in 1.2 GWh battery energy storage plant in Haryana by 2026
Prostarm Info Systems , a Mumbai-based power infrastructure developer, is set to establish a 1.2 GWh battery energy storage system (BESS) manufacturing plant in Jhajjar, Haryana , by the end of the financial year 2026. An investment of ₹25 crore ($2.9 milion) is earmarked for the project to cater to commercial, industrial, and utility-scale applications, driven by the increasing demand for energy storage solutions in India . The plant will be located at the Reliance Model Economic Township and operate under a nine-year land lease. This development follows a significant increase in India's BESS installations, with over 341 MWh added in 2024, Mercom reports. BESS manufacturing facility The new BESS manufacturing facility will cater to both commercial and industrial, as well as utility-scale applications. The plant is expected to be commissioned by the end of the financial year 2026. The facility entails the setting up of plant and machinery, office infrastructure, heating, ventilation, and air conditioning systems, power capacity upgrades, and anti-static flooring. It also includes warehousing and other essential infrastructure to enable high-end assembly and integration. Prostarm provides services in design, manufacture, assembly, sale, and service of energy storage and power conditioning equipment. It has a product portfolio comprising UPS systems, inverters, lift inverters, solar hybrid inverters, lithium-ion battery packs , servo-controlled voltage stabilisers, and isolation transformers. The company also undertakes engineering, procurement, and construction projects in the rooftop solar space across India. Recently, Prostarm Info Systems won a capacity of 30 MW/120 MWh in Bihar State Power Generation Company 's auction to set up a standalone BESS of a cumulative capacity of 125 MW/500 MWh.
Time of India
17-07-2025
- Business
- Time of India
Prostarm Info Systems to invest $2.9 mn in 1.2 GWh battery energy storage plant in Haryana by 2026
Prostarm Info Systems , a Mumbai-based power infrastructure developer, is set to establish a 1.2 GWh battery energy storage system (BESS) manufacturing plant in Jhajjar, Haryana , by the end of the financial year 2026. An investment of ₹25 crore ($2.9 milion) is earmarked for the project to cater to commercial, industrial, and utility-scale applications, driven by the increasing demand for energy storage solutions in India. The plant will be located at the Reliance Model Economic Township and operate under a nine-year land lease. This development follows a significant increase in India's BESS installations, with over 341 MWh added in 2024, Mercom reports. BESS manufacturing facility The new BESS manufacturing facility will cater to both commercial and industrial, as well as utility-scale applications. The plant is expected to be commissioned by the end of the financial year 2026. The facility entails the setting up of plant and machinery, office infrastructure, heating, ventilation, and air conditioning systems, power capacity upgrades, and anti-static flooring. It also includes warehousing and other essential infrastructure to enable high-end assembly and integration. Prostarm provides services in design, manufacture, assembly, sale, and service of energy storage and power conditioning equipment. It has a product portfolio comprising UPS systems, inverters, lift inverters, solar hybrid inverters, lithium-ion battery packs , servo-controlled voltage stabilisers, and isolation transformers. The company also undertakes engineering, procurement, and construction projects in the rooftop solar space across India. Recently, Prostarm Info Systems won a capacity of 30 MW/120 MWh in Bihar State Power Generation Company's auction to set up a standalone BESS of a cumulative capacity of 125 MW/500 MWh.
Business Standard
08-07-2025
- Business
- Business Standard
Prostarm Info Systems rallies on plans to set up BESS manufacturing facility in Haryana
Prostarm Info Systems jumped 5.41% to Rs 164.50 after the company announced plans to establish its first Battery Energy Storage System (BESS) manufacturing facility in Reliance MET City, Jhajjar, Haryana. The company stated that this initiative marks a key milestone in its commitment to enhancing manufacturing capabilities in the battery energy storage solutions segment. According to an exchange filing, for the proposed expansion, the company has secured a 9-year leasefrom May 2025 to April 2034for a land parcel measuring 3,912.15 sq. meters, which includes a covered shed area of 34,000 sq. ft. The total planned capital expenditure for the project is Rs 25 crore. This will cover the setup of advanced plant and machinery, office infrastructure, HVAC systems, power capacity upgrades, anti-static flooring, warehousing, and other essential infrastructure required for high-end assembly and integration. The plant will have an annual manufacturing capacity of 1.2 GWh, enabling Prostarm to meet large-scale demand across multiple sectors. The BESS unit will cater to both Commercial & Industrial (C&I) and Utility-scale applications. The facility is expected to be commissioned by the end of FY26 and will support Indias growing demand for energy storage solutions, which is being driven by the countrys ambitious renewable energy targets. The company noted that Indias battery energy storage system (BESS) market is projected to expand to 66 GW by 2032 from less than 0.2 GW currently, reflecting a sevenfold increase in capacity, according to industry sources. The widespread adoption of BESS could help avoid over 2,000 mn tonnes of CO2 emission. The planned addition of 44+ GW of BESS capacity by 2030 is a critical step towards integrating renewable energy and enhancing grid stability. Indias BESS market is expanding due to the surge in renewable capacity as the country progress towards its 2030 renewable energy mission. Ram Agarwal, Whole Time Director and CEO said, "This strategic expansion marks our entry into the fast-growing BESS segment, which is a natural extension of our core expertise in power electronics. With this facility, the company aims to become one of Indias few OEMs manufacturing BESS solutions, allowing us to directly supply to EPC contractors and developers, thereby opening up significant new revenue opportunities. We believe this strategic expansion positions Prostarm at the forefront of Indias energy transformation. In BESS, the Company already secured 22 MWh order from Adani Electricity Mumbai for design, supply, installation, commissioning and testing having contract value of Rs. 52 Crs approx. and another LOI from Bihar State Power Generation Company Limited for 120 MWh on BOOT model with monthly rental of Rs. 4.44 lacs/MW for period of 12 years. Prostram Info Systems, founded in 2008, is a power solutions provider specializing in UPS systems, inverters, lithium-ion battery packs, and solar EPC projects. The company designs, manufactures, and assembles products in-house and via partners in India and China. It serves sectors like healthcare, IT, defense, and energy through direct sales and a nationwide distributor network. The company operates three units in Maharashtra and has strengthened its tech capabilities through strategic acquisitions and licensing agreements. On a full-year basis, the company's consolidated net profit jumped 16.6% to Rs 23.31 crore on an 11.9% increase in revenue to Rs 257.87 crore in FY25 over FY24. Prostram Info Systems made a debut on the stock exchanges on 03 June 2025, with its shares listing at Rs 125, a 19.05% premium to the issue price of Rs 105. The company's initial public offering (IPO), which closed on 29 May 2025, was subscribed 97.20 times. The IPO was priced within a band of Rs 95 and 105 per share.
Business Upturn
08-07-2025
- Business
- Business Upturn
Prostarm to set up 1.2 GWh Battery Energy Storage Facility at Reliance MET, Haryana
By Aditya Bhagchandani Published on July 8, 2025, 14:59 IST 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.
Business Upturn
03-06-2025
- Business
- Business Upturn
Prostarm Info Systems IPO: Shares lists at Rs 120 on NSE with 14% premium over issue price
Prostarm Info Systems Limited had a solid listing on the bourses today, opening at ₹120 on the NSE and ₹125 on the BSE, marking a 14.3% and 19.04% premium respectively over its issue price of ₹105. The listing comes amidst subdued debut performances by recent IPOs such as Leela Hotels, Aegis Vopak Terminals, Belrise Industries, and Borana Weaves. In contrast, Prostarm's IPO garnered robust demand across categories. The IPO, which was open from May 27 to May 29, 2025, was subscribed an impressive 96.68 times overall. The Qualified Institutional Buyers (QIB) portion was subscribed 102.67 times, Non-Institutional Investors (NIIs) subscribed 222.13 times, and retail investors subscribed 39.48 times. The issue was priced at ₹105 per share, with a lot size of 142 shares for retail investors, requiring a minimum investment of ₹13,490. Due to oversubscription, most retail investors applied at the cutoff price of around ₹14,910. For small NIIs, the minimum application was 1,988 shares worth ₹2,08,740, while big NIIs had to apply for at least 9,656 shares, worth ₹10,13,880. The allotment was finalized on May 30, with shares credited to demat accounts prior to today's listing. Prostarm's listing sets a positive tone for SME IPOs amid recent mainboard listing struggles. 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.
