Prostarm Info Systems Secures INR 13.43 Crore Solar Project

Prostarm Info Systems Ltd has been declared the L-1 bidder by South Eastern Railway for the supply, installation, and erection of a solar power plant at SRC Jurisdiction (Phase 2). The project is valued at INR 13.43 Crores and includes a comprehensive maintenance contract for five years. The project is expected to be completed within a 12-month timeframe.

The order was awarded by a domestic entity and is part of Prostarm’s normal business operations. There are no related party transactions involved in this contract, and the promoters of Prostarm have no interest in the entity awarding the contract.

The details of the contract were disclosed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements Regulations), 2015. The filing also includes information as per SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

South Eastern Railway is a key player in the Indian railway sector, focusing on infrastructure development and modernization. The awarding of this contract aligns with their ongoing efforts to incorporate sustainable energy solutions within their operations.

Prostarm Info Systems Ltd specializes in providing power solutions and energy management systems. The company focuses on expanding its portfolio in renewable energy projects, aligning with its strategic priorities to enhance its presence in the sustainable energy sector.