Prostarm Info Systems Secures Sub-Contract for 50 MWac Solar PV Power Project in Maharashtra
Prostarm Info Systems Limited has received a Letter of Award (LOA) positioning the company as a sub-contractor for the complete Engineering, Procurement and Construction (EPC) works for a 50 MWac Solar PV Power Project in Maharashtra. This project is associated with Maharashtra State Power Generation Company Limited (MAHAGENCO).The total order value secured is approximately ₹165 Crores (Rupees One Hundred Sixty-Five Crores only), excluding GST. The LOA was accepted on April 07, 2026.
The contract entails the execution of complete EPC works on a turnkey basis. Crucially, the scope of work excludes three years of Operation & Maintenance (O&M) services.
A review of the awarded contract details reveals the following key transaction parameters:
| Particulars | Details |
|---|---|
| Name of the entity awarding the order(s)/contract(s) | Solarium Green Energy Limited |
| Broad consideration or size of the order(s)/contract(s) | ₹165 Crores (Rupees One Hundred Sixty-Five Crores only) exclusive of GST. |
| 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 order(s) / contract(s) have been awarded by domestic/ international entity | Domestic |
The details confirm that Solarium Green Energy Limited is the awarding entity. The contract involves the execution of complete EPC works for the 50 MWac Solar PV Power Project. The order is categorized as domestic, and there is no indication that the promoter group of the awarding entity has any interest in Prostarm Info Systems Limited. Furthermore, the transaction does not fall under related party transactions.
The time period for execution of the order is specified to be as detailed in the definitive EPC Agreement to be executed between the parties.
PROSTARM Stock Price Movement
Today, shares of Prostarm Info Systems Limited edged higher, settling at ₹130.79 after gaining 0.83% for the day. The stock found support in volume, posting total traded shares of 316,722 during the session.Source:
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