Prostarm Info Systems: Stock jumps 10% after receiving LOA from Karnataka Power Transmission Corporation
News by Aliceblue News Desk
05 Sept 2025
Introduction
Leading energy solutions company received a Letter of Award to set up a 150 MW/300 MWh standalone battery energy storage system in Karnataka, operating on a 12-year Build Own Operate basis with VGF support.
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Share price movement of Prostarm Info Systems
On September 5, 2025, Prostarm Info Systems Ltd opened at ₹189.95, up 0.48% from its previous close of ₹189.05. The stock reached a high of ₹207.95 (10.00%) and a low of ₹187.05. By 2:44 PM, it traded at ₹207.95, a 10.00% increase, with a market cap of ₹1,224.30 crore.
Prostarm Info Systems Wins Karnataka Battery Storage Project
Prostarm Info Systems Limited received a Letter of Award from Karnataka Power Transmission Corporation Limited. The order is for setting up a 150 MW/300 MWh standalone battery energy storage system in Gadag, Karnataka.
The project will operate on a Build Own Operate basis for 12 years. The rental is Rs. 2.54 lakh per MW per month, totaling Rs. 45.72 crore annually, with additional VGF funding of Rs. 27 lakh per MWh or 30 percent of capital cost.
Stock performance of Prostarm Info Systems for Period of 1 week and 1 month
Prostarm Info Systems Ltd delivered a -0.18% return over the past week and declined by 6.99% over the past month.
Also Read: Concord Control Systems: Stock jumps 7% after company to consider bonus shares
Shareholding pattern of Prostarm Info Systems
| Particulars | Jun 2025 | May 2025 |
| Promoter | 73% | 73% |
| FII | 4.20% | 4.90% |
| DII | 2.20% | 5.30% |
| Public | 21% | 17% |
About Prostarm Info Systems
Prostarm Info Systems Ltd (NSE: PROSTARM), incorporated in 2008, designs, manufactures, and sells energy storage and power conditioning equipment, while also providing EPC services for rooftop solar PV projects across India.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is Prostarm Info Systems Ltd share price going up today?
A: Prostarm Info Systems Ltd share price rose after receiving a Letter of Award to set up a 150 MW/300 MWh battery energy storage system.
Q: What does Prostarm Info Systems Ltd specialize in?
A: Prostarm Info Systems Ltd (PROSTARM) specializes in designing, manufacturing, and selling energy storage and power conditioning equipment, and provides EPC services for solar projects.
Q: What is the market capitalization of Prostarm Info Systems Ltd?
A: The market capitalization of Prostarm Info Systems Ltd is ₹1,224.30 crore as of September 5, 2025.
News Author
Aliceblue News Desk
