Prostarm Info Systems Secures ₹165 Crores Sub-Contract for 50 MWac Solar PV Project in Maharashtra
Prostarm Info Systems Limited announced on April 07, 2026, that it has secured a Letter of Award (LOA) to function as a sub-contractor for a significant renewable energy project. The contract involves the execution of complete Engineering, Procurement and Construction (EPC) works for a 50 MWac Solar PV Power Project located in the State of Maharashtra.The project was awarded under a larger initiative managed by the Maharashtra State Power Generation Company Limited (MAHAGENCO). Solarium Green Energy Limited awarded the contract to Prostarm Info Systems Ltd. The total order value for the EPC works is approximately ₹165 Crores (Rupees One Hundred Sixty-Five Crores only) exclusive of GST. The company accepted this order on April 07, 2026.
Project and Contract Details
The agreement stipulates that Prostarm Info Systems Ltd. will execute the complete EPC works on a turnkey basis, excluding three years of Operation & Maintenance (O&M) services.A detailed overview of the contract details is provided in the following table:
| Particulars | Details |
|---|---|
| Name of the entity awarding the order(s)/contract(s) | Solarium Green Energy Limited |
| Significant terms and conditions of order(s)/contract(s) awarded in brief | Execution of the complete Engineering, Procurement and Construction (EPC) works as a sub-contractor for a 50 MWac Solar PV Power Project, on a turnkey basis excluding 3 years of Operation & Maintenance (O&M) services, in accordance with agreed project specifications. |
| Whether order(s) / contract(s) have been awarded by domestic/ international entity | Domestic |
| Nature of order(s) / contract(s) | Execution of the complete Engineering, Procurement and Construction (EPC) works as a sub-contractor for a 50 MWac Solar PV Power Project, on a turnkey basis excluding 3 years of Operation & Maintenance (O&M) services, in accordance with agreed project specifications. |
| Whether domestic or international | Domestic |
| Broad consideration or size of the order(s)/contract(s) | ₹165 Crores (Rupees One Hundred Sixty-Five Crores only) exclusive of GST. |
| Whether the promoter/ promoter group/group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof | No |
| Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at 'arm's length'. | No |
The time period for executing the order is specified to be as per the definitive EPC Agreement to be executed between the parties. The information confirms that there is no stated interest from the promoter or promoter group in the awarding entity, nor would the contract fall under related party transactions.
PROSTARM Stock Price Movement
Today, Prostarm Info Systems Limited shares edged higher to close at ₹130.79, gaining 0.83% on the day. The stock settled today with a total traded volume of 316,722 shares.Source:
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