Prostarm Info Systems Ltd Signs MOU with Shenzhen Topband for BESS Manufacturing Collaboration
Prostarm Info Systems Ltd has entered into a Memorandum of Understanding (MOU) with Shenzhen Topband Co. Ltd, a limited liability company incorporated under the laws of the People's Republic of China. The agreement aims to establish a strategic and collaborative framework for exploring an Exclusive Cooperation under Battery Energy Storage System (BESS) manufacturing.The MOU outlines a partnership where TOPBAND will provide Semi-Knocked Down (SKD) BESS kits, along with necessary technology and technical know-how. Prostarm Info Systems Ltd will manage the local assembly, integration, and subsequent commercialization of these systems within India. The collaboration scope covers commercial & industrial (C&I), Home / Commercial BESS, and utility-scale projects in the Indian market, aligning with the 'Make in India' initiative and focusing on domestic value addition.
The key transaction details for the proposed alliance are summarized below:
| Particulars | Details |
|---|---|
| Entity Partner | Shenzhen Topband Co. Ltd |
| Area of Cooperation | Strategic alliance for Exclusive Cooperation under BESS via an SKD co-manufacturing model. Final BESS products will be sold in India under a joint 'Prostarm × Topband' or dual-logo brand or 'PROSTARM' brand. |
| Nature | International |
| Minimum Purchase Commitment | USD 10,000,000 over a period of 18 months from the date of the first commercial order. |
| Prostarm Info Systems Ltd Turnover | INR 27,863.22 Lakhs (Nine Month ended as on 31 December, 2025) |
| TOPBAND Turnover | CNY 11,08,22,09,740 (Year ended as on 31 December, 2025) |
The rationale behind the MOU is to strengthen the long term partnership between the companies in the Indian energy storage sector and market development. Expected benefits include gaining access to advanced BESS technology and global expertise from TOPBAND, while simultaneously strengthening manufacturing and assembly capabilities in India. This collaboration is anticipated to accelerate market development, drive revenue growth, and enhance operational efficiencies for energy storage solutions tailored for the Indian market.
PROSTARM Stock Price Movement
Today, Prostarm Info Systems Limited shares edged higher to close at ₹130.79, marking a gain of 0.83%. The stock settled today amid a total traded volume of 316,722 shares.Source:
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