PROSTARM to Set Up 1.2 GWh BESS Manufacturing Facility in Haryana
Prostarm Info Systems, a key player in power electronics and critical power infrastructure, has announced plans to establish its first Battery Energy Storage System (BESS) manufacturing facility at Reliance MET City, Jhajjar, Haryana. This strategic expansion marks the company’s entry into the fast-growing BESS market, aligning with India’s renewable energy transition.The facility will be developed on a 3,912.15 sq. metre land parcel under a nine-year lease (May 2025–April 2034), and includes a 34,000 sq ft covered shed. The total capital expenditure for the project is estimated at Rs 25..
MCX Launches Electricity Futures to Broaden Commodities Portfolio
Multi Commodity Exchange of India (MCX), India’s leading commodity derivatives exchange and the world’s largest commodity options exchange (FIA, 2024), has announced the launch of its Electricity Futures Contract, effective Thursday, 10 July 2025. The launch follows SEBI’s approval granted in June 2025 and marks a key milestone in India’s energy derivatives landscape.With electricity demand rising and price volatility influenced by seasonal trends, fuel costs, and market fluctuations, the new contract is designed to offer a robust risk management tool to power producers, distribution c..
PIGL Secures Fifth Udaipur Airport Contract, Total Hits Rs 560.36 Mn
Power & Instrumentation (Gujarat) has secured its fifth work order from Nyati Engineering & Construction for the ongoing development of the Udaipur Air Terminal in Rajasthan. The latest contract, valued at Rs 20.59 million, brings the cumulative order value for this project to Rs 560.36 million.The new scope of work includes the design, supply, installation, testing, and commissioning of ELV raceways and cable tray systems. Scheduled for completion within six months from the contract’s effective date, the project underscores PIGL’s ability to deliver complex electrical infrastructu..
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