Prostarm Info Systems zooms after getting LoI from Bihar State Power Generation Company
Prostarm Info Systems is currently trading at Rs 117.00, up by 3.80 points or 3.36% from its previous closing of Rs 113.20 on the BSE.
The scrip opened at Rs 118.90 and has touched a high and low of Rs 118.90 and Rs 114.55 respectively. So far 57516 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52-week high of Rs 130.00 on 03-Jun-2025 and a 52-week low of Rs 107.10 on 13-Jun-2025.
Last one week high and low of the scrip stood at Rs 119.00 and Rs 107.10 respectively. The current market cap of the company is Rs 681.18 crore.
The promoters holding in the company stood at 72.82%, while Institutions and Non-Institutions held 10.04% and 17.14% respectively.
Prostarm Info Systems has received a Letter of Intent (LoI) from ‘Bihar State Power Generation Company’ for setting up of 30MW/120 MWh standalone Battery Energy Storage System (BESS) at rental of Rs 4.44 lakh/MW/Month (i.e. yearly rental of Rs 15.98 crore on 30MW/120 MWh) under Tariff Based Competitive Bidding (TBCB) mode at different GSS location of BSPTCL in Bihar with Viability Gap Funding (VGF) Support under BOOT model for 12 years.
Prostarm Info Systems is engaged in designing, manufacturing, assembling, sale, service and supply of Energy Storage Equipment and Power Conditioning Equipment (Power Solution Products) in India.
