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.

Prostarm Info Systems Limited , a leading player in the power solutions sector, has taken a significant step towards expanding its presence in the energy storage market. The company announced the incorporation of a wholly-owned subsidiary, Prostarm Bihar Bess Private Limited, on August 19, 2025. This new entity will serve as a Special Purpose Vehicle (SPV) for an ambitious Battery Energy Storage System (BESS) project in Bihar.

Project Details

The subsidiary has been formed to set up a 30MW/120 MWh standalone Battery Energy Storage System under the Tariff Based Competitive Bidding (TBCB) mode. The project will be implemented at various Grid Sub-Station (GSS) locations of Bihar State Power Transmission Company Limited (BSPTCL). Notably, the project will receive Viability Gap Funding (VGF) support and will be executed under the Build, Own, Operate, and Transfer (BOOT) model.

Subsidiary Structure

Prostarm Bihar Bess Private Limited has been incorporated with an authorized capital of ₹15.00 lakh, divided into 1.5 lakh equity shares of ₹10.00 each. The company has subscribed to an initial capital of ₹5.00 lakh, comprising 50,000 equity shares. Prostarm Info Systems Limited holds 100% shareholding in this new subsidiary through cash subscription.

Strategic Importance

This move aligns with Prostarm's strategic expansion into the high-growth energy storage sector. The BESS project in Bihar is expected to play a crucial role in enhancing grid stability and supporting the integration of renewable energy sources in the state.

Market Outlook

The incorporation of this subsidiary comes at a time when India's BESS market is poised for significant growth. Industry projections suggest that the country's BESS capacity could expand from less than 0.20 GW currently to 66.00 GW by 2032, representing a massive opportunity for companies like Prostarm.

Future Prospects

While the subsidiary is yet to commence business operations, this development positions Prostarm Info Systems to capitalize on the burgeoning demand for energy storage solutions in India. The project in Bihar could serve as a springboard for the company to secure similar projects across the country, potentially driving long-term growth and revenue.

As the renewable energy sector continues to expand and grid modernization efforts intensify, Prostarm's entry into the BESS market through this subsidiary could prove to be a strategic move in diversifying its portfolio and strengthening its position in the power solutions industry.