Prostarm Rises 10 Per Cent on Rs 457 Million KPTCL Contract Win

10 Sep 2025 CW Team

Prostarm Info Systems hit a 10 per cent upper circuit to reach Rs 207.95 after announcing that it had received a Letter of Award (LOA) worth Rs 457 million from Karnataka Power Transmission Corporation (KPTCL).

The contract involves the installation of a 150 MW / 300 MWh standalone Battery Energy Storage System (BESS) at the 400kV Doni Substation, operating at a 220kV voltage level, in Gadag District, Karnataka.

The project was awarded under the Tariff Based Competitive Bidding (TBCB) mode on a Build-Own-Operate (BOO) basis for a tenure of 12 years. The order includes a rental agreement of Rs 25,400 per MW per month, amounting to an annual rental income of Rs 457 million for the full 150 MW / 300 MWh capacity. The project will also receive Viability Gap Funding (VGF) of Rs 2.7 million per MWh or 30 per cent of the capital cost of the BESS, whichever is lower.

The company clarified that its promoters, promoter group and related entities have no interest in the awarding authority and confirmed that the transaction does not qualify as a related party transaction under applicable regulatory norms.

Prostarm Info Systems is a power solutions provider specialising in UPS systems, inverters, lithium-ion battery packs and solar EPC projects. The company designs, manufactures and assembles products both in-house and through partners in India and China. It serves sectors such as healthcare, IT, defence and energy through direct sales and a nationwide distributor network. The company operates three units in Maharashtra and has expanded its technology capabilities through strategic acquisitions and licensing agreements.

In the first quarter of FY26, the company reported a consolidated net profit of Rs 18.3 million and net sales of Rs 549 million.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..