Prostarm Info Systems Ltd. has secured a ₹165 crore order to execute engineering, procurement, and construction (EPC) works for a 50 MWac solar photovoltaic project in Maharashtra. The company received the Letter of Award (LoA) as a subcontractor from Solarium Green Energy under a project framework of Maharashtra State Power Generation Company Limited.
Project Scope and Execution
According to the company’s regulatory filing, the EPC mandate includes installation along with three years of operation and maintenance (O&M) services. The project forms part of Maharashtra’s broader push to expand large-scale solar capacity through partnerships with private sector players.
The order supports a trend that is growing among state utilities like MAHAGENCO to work with experienced EPC contractors to speed up the use of renewable energy.
Expanding Renewable and Storage Portfolio
Prostarm has been working hard to improve its skills throughout the renewable energy value chain, with a particular focus on battery energy storage systems (BESS). The company had already won a 150 MW standalone BESS project in Karnataka and other projects in Bihar and Mumbai that added up to 110 MW. These projects were won in partnership with utilities like Bihar State Power Generation Company Ltd. and Adani Electricity Mumbai Limited.
The company has also outlined plans to establish a BESS manufacturing facility in Haryana, aimed at strengthening supply chain control and supporting the growing domestic demand for energy storage infrastructure.
Strategic Partnerships and Technology Focus
To improve its technical skills, Prostarm has signed a strategic memorandum of understanding (MoU) with Shenzhen Topband Co., a Chinese tech company, to look into working together on advanced energy management solutions. The partnership is expected to help Prostarm become a full-service renewable infrastructure provider by combining Solarium Green Energy’s manufacturing and sourcing knowledge.
Market Performance and Industry Context
On April 8, 2026, Prostarm Info Systems’ stock was trading at ₹141.69 on the NSE, up 8.33% from its previous close of ₹130.79. The company’s market capitalisation stood at ₹833.7 crore, with a traded volume of 10.63 lakh shares worth ₹15.28 crore during the session.
The stock has delivered a return of 8.74% over the past month, outperforming the Nifty IPO index, which recorded a 2.00% gain during the same period.
With this latest order, Prostarm continues to strengthen its order book and expand its presence in India’s rapidly growing renewable energy and storage market.
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