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.

ProstarM Info Systems , a leading player in the technology sector, has achieved a significant milestone by emerging as the lowest bidder (L-1) for a substantial project with the Karnataka Power Transmission Corporation Limited (KPTCL). The contract, valued at 457.20 million rupees annually, marks a major win for the company in the energy infrastructure domain.

Project Details

The project involves setting up a 150 MW/300 MWh Standalone Battery Energy Storage System at the 400kV Doni Substation in Gadag District, Karnataka. This state-of-the-art system will be implemented at the 220kV voltage level, showcasing ProstarM's expertise in advanced energy storage solutions.

Contract Specifics

• Duration: The contract is set for a 12-year period on a Build Own Operate (BOO) basis.
• Financial Terms: ProstarM will receive a rental of 2.54 lakh rupees per MW per month, translating to an annual rental of 457.20 million rupees for the 150 MW/300 MWh system.
• Additional Funding: The project includes Viability Gap Funding (VGF) of 27 lakh rupees per MWh or 30% of the capital cost for the Battery Energy Storage System (BESS), whichever is lower.

Bidding Process and Significance

The contract was awarded through a Tariff Based Competitive Bidding (TBCB) mode, highlighting ProstarM's competitive edge in the market. Being declared as the L-1 bidder underscores the company's ability to offer cost-effective solutions while meeting the stringent technical requirements of such large-scale energy projects.

Impact on ProstarM's Market Position

This contract win is expected to significantly bolster ProstarM Info Systems' position in the energy infrastructure sector. It demonstrates the company's capabilities in handling complex energy storage projects and its competitiveness in securing high-value contracts.

Looking Ahead

As ProstarM prepares to execute this major project, the company is also maintaining its engagement with the investment community. An upcoming virtual investor meet with Niveshaay Investment Advisory indicates the company's commitment to transparent communication with stakeholders.

This contract with KPTCL not only provides ProstarM with a steady revenue stream for the next 12 years but also positions the company as a key player in India's evolving energy storage landscape. As the nation moves towards more sustainable and efficient power systems, ProstarM's role in implementing advanced energy storage solutions could prove pivotal in shaping the future of energy infrastructure in India.