Synopsis: Prostarm Info Systems has been awarded a 50 MWac solar power plant EPC sub-contract by Solarium Green Energy under the MAHAGENCO framework, a deal valued at approximately Rs 165 crore.
Prostarm Info Systems Ltd. has won a substantial Rs 165 crore Letter of Offer to build a 50 MWac solar power station in Maharashtra as an EPC subcontractor of Solarium Green Energy within the MAHAGENCO framework. With an EPC mandate covering installation and 3 years maintenance, the deal reinforces the increasing trend among Maharashtra’s state electricity companies of awarding contracts to experienced private contractors for accelerating the state’s large-scale solar power production.
Prostarm is aggressively scaling its capabilities along the renewable energy value chain and has expanded far beyond solar into the BESS space as well. Having already bagged the largest standalone battery project in India, i.e., a 150 MW system in Karnataka, followed by 110 MW for Bihar and Mumbai recently, Prostarm is beginning to verticalize its operations. The firm has outlined plans for its own BESS manufacturing facility in Haryana to secure supply chain control as domestic demand for storage infrastructure accelerates.
Prostarm is boosting its technical edge through a strategic MoU with Chinese technology firm Shenzhen Topband Co. to explore an exclusive alliance in advanced energy management. Combined with the manufacturing and sourcing expertise of Solarium Green Energy, this partnership positions Prostarm to transition into a comprehensive renewable infrastructure provider. As the company enters the next fiscal year, the focus remains on leveraging these high-tech alliances to drive long-term growth across its expanding order book.
Prostarm Info Systems was trading at Rs 141.69 on the NSE on April 8, 2026, up 8.33% against its previous close of Rs 130.79, with a total market capitalisation of Rs 833.7 crore. During the session, the stock touched an intraday high of Rs 148.00 and a low of Rs 139.22, with traded volume of 10.63 lakh shares worth Rs 15.28 crore.
The stock’s 52-week high stands at Rs 253.49, while its 52-week low was Rs 108.00. Over the past one month, the stock has delivered a return of 8.74%, outperforming the Nifty IPO index’s 2.00% gain over the same period.
Company Overview
Prostarm Info Systems Limited, headquartered in Maharashtra, is undergoing a transformation from being an energy solutions firm to becoming a full-fledged infrastructure provider at a utility scale. Having extended its reach in solar EPC and BESS segments, the company now implements highly valued orders for various state electricity boards, central government enterprises, and prominent private sector utilities across the country. It has been made evident that a major strategy for the company is to invest in in-house production capacities to ensure maximum benefits along the entire renewable energy value chain.
The recent contract wins have marked a change of direction for the company to undertake large-scale projects through vital state programs such as MAHAGENCO. As India hastens its clean energy transition, Prostarm has taken up the role of the preferred partner in solar and storage projects. The coming financial year, FY2026-27, will see the investor interest focusing on the efficiency of translating this increasing order book into revenue generation.
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