Prostarm Info Systems has secured a significant contract from Steel Authority of India Limited (SAIL), receiving a Letter of Acceptance worth ₹6.71 crores. The company announced this development under Regulation 30 of the SEBI Listing Regulations, marking an important milestone in expanding its renewable energy portfolio with major public sector enterprises.

Contract Specifications

The Letter of Acceptance from SAIL encompasses the supply, installation and commissioning of a 2 MW (AC) Roof Top Solar PV System at various buildings of the plant. The project represents a substantial business opportunity for Prostarm Info Systems in the renewable energy sector.

Project Details and Compliance

The solar project involves installation across various buildings of SAIL's plant facility, demonstrating the comprehensive nature of the engagement. The contract has been awarded through domestic procurement processes, with Prostarm Info Systems confirming that the order falls within normal business operations.

As per regulatory disclosures, the company has confirmed that no promoter, promoter group, or group companies have any interest in SAIL, and the contract does not constitute a related party transaction. The project execution timeline of 12 months indicates a structured implementation approach for the renewable energy installation.

Business Significance

The award from SAIL, one of India's premier steel manufacturing companies, reflects confidence in Prostarm Info Systems' capabilities in renewable energy solutions. This contract strengthens the company's portfolio in the solar energy segment and establishes a valuable relationship with a major public sector undertaking.

The Letter of Acceptance represents formal commitment from SAIL, indicating that Prostarm Info Systems has successfully met the required technical and commercial criteria for the solar project. This achievement positions the company favorably for potential future engagements in the renewable energy sector with SAIL and other similar organizations.

Prostarm Info Systems Limited has announced the receipt of a Letter of Acceptance from South Eastern Railway for a major solar power infrastructure project. The contract, valued at ₹13.43 crores, involves the supply, installation, and erection of a solar power plant at SRC Jurisdiction (Phase 2), marking a significant milestone in the company's renewable energy portfolio.

Contract Details and Specifications

The comprehensive contract encompasses multiple phases of project execution, extending beyond initial installation to include long-term maintenance services. The project specifications include a 12-month execution timeline from the date of LOA issuance, ensuring timely delivery of the solar power infrastructure.

Project Scope and Timeline

The contract covers the complete lifecycle of solar power plant development, from initial supply through final installation and erection. The 12-month execution period demonstrates the substantial scale of the infrastructure project, while the inclusion of 5-year Comprehensive Maintenance Contract (CMC) ensures long-term operational efficiency and reliability.

Business and Regulatory Context

This contract award represents business secured through normal commercial operations, with no related party transactions involved. The company has confirmed that neither promoters nor group companies have any interest in South Eastern Railway, ensuring arm's length transaction principles.

Strategic Significance

The solar power plant project aligns with India's renewable energy initiatives and demonstrates Prostarm Info Systems' capabilities in large-scale infrastructure development. The contract's domestic nature reflects the company's strong positioning within the Indian renewable energy sector, particularly in railway infrastructure modernization projects.

The announcement follows the company's earlier communication dated February 06, 2026, indicating ongoing business development activities in the renewable energy segment. This contract award reinforces the company's technical expertise and execution capabilities in solar power infrastructure development.