Prostarm Info Systems Limited , a prominent player in the energy sector, has taken a significant step towards expanding its presence in the battery energy storage market. The company announced the incorporation of a wholly-owned subsidiary, Prostarm Karnataka BESS Private Limited, on September 9, 2025, to spearhead a major energy storage project in Karnataka.

Key Details of the New Subsidiary

• Name: Prostarm Karnataka BESS Private Limited
• Incorporation Date: September 9, 2025
• CIN: U27200MH2025PTC456637
• Purpose: Special Purpose Vehicle (SPV) for Battery Energy Storage System (BESS) project
• Project Scope: 150 MW/300 MWh Standalone BESS at 400kV Doni Substation
• Project Mode: Tariff Based Competitive Bidding (TBCB) on Build Own Operate Basis

Capital Structure

The newly formed subsidiary has been established with the following capital structure:

Prostarm Info Systems Limited holds 100% shareholding in the subsidiary through an initial cash subscription.

Project Significance

The incorporation of Prostarm Karnataka BESS Private Limited marks a strategic move for Prostarm Info Systems in the rapidly growing battery energy storage sector. The 150 MW/300 MWh project at the 400kV Doni Substation (at 220kV voltage level) represents a significant contribution to Karnataka's power infrastructure.

Regulatory Compliance

The company has duly informed the stock exchanges about this development, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Future Outlook

While the subsidiary is yet to commence business operations, its formation signals Prostarm Info Systems' commitment to expanding its footprint in the energy storage domain. The project aligns with the growing demand for efficient energy storage solutions in India's evolving power sector.

As the energy landscape continues to transform, Prostarm Info Systems' strategic initiative through this new subsidiary positions the company to play a crucial role in Karnataka's energy infrastructure development. Stakeholders will be keenly watching the progress of this project and its potential impact on the company's future growth trajectory.

Prostarm Info Systems Limited has clinched a significant contract from Karnataka Power Transmission Corporation Limited (KPTCL) for setting up a 150 MW/300 MWh Standalone Battery Energy Storage System (BESS). The agreement, structured as a 12-year build-own-operate contract, comes with an annual rental payment of ₹45.72 crore.

Contract Details

The project will be located at the 400kV Doni Substation (at 220kV Voltage level) of KPTCL in Gadag District, Karnataka. The contract was awarded under the Tariff Based Competitive Bidding (TBCB) mode and includes a Viability Gap Funding (VGF) component from the state.

Financial Aspects

Strategic Importance

This contract marks a significant step for Prostarm Info Systems in the rapidly growing energy storage sector. Battery Energy Storage Systems are crucial for grid stability and integrating renewable energy sources, positioning the company at the forefront of India's energy transition.

Company Statement

In a regulatory filing, Prostarm Info Systems stated, "The Company has received a Letter of Award (LOA) from Karnataka Power Transmission Corporation Limited for Setting up of 150 MW/ 300 MWh Standalone Battery Energy Storage System." The company received the LOA on September 04, 2025, at 06:45 p.m.

Market Impact

This contract is expected to have a positive impact on Prostarm Info Systems' financial outlook for the coming years, providing a steady revenue stream and enhancing its position in the energy infrastructure sector.

The successful bid for this project demonstrates Prostarm Info Systems' competitive edge in the energy storage solutions market and its ability to secure large-scale, long-term contracts in the power sector.

As India accelerates its transition to renewable energy, such energy storage projects are likely to play an increasingly critical role, potentially opening up more opportunities for companies like Prostarm Info Systems in the future.