Prostarm Info Systems to Collaborate on BESS Manufacturing with Shenzhen Topband Co. Ltd.
Prostarm Info Systems Limited announced on April 7, 2026, that its Board of Directors approved signing a Memorandum of Understanding (MOU) with Shenzhen Topband Co. Ltd. This collaboration aims to establish a strategic alliance for the exclusive cooperation in the Battery Energy Storage System (BESS) manufacturing sector.The proposed MOU outlines a collaborative framework between Prostarm Info Systems Limited and Shenzhen Topband Co. Ltd., a limited liability company incorporated under the laws of the People's Republic of China.
Under this framework, the roles of the partnering entities are clearly defined. Shenzhen Topband Co. Ltd. will be responsible for providing Semi-Knocked Down (SKD) BESS kits, technology, and technical know-how. Prostarm Info Systems Limited will undertake the local assembly, integration, and commercialization of the systems within India. The company intends to focus its efforts on commercial and industrial (C&I), Home / Commercial BESS, and utility-scale projects across India. This partnership is positioned to support the 'Make in India' initiative, emphasizing domestic value addition.
The agreement involves a minimum purchase commitment from the Company. As detailed in the supporting annexure, the Company shall provide a minimum purchase commitment of USD 10,000,000 (Ten Million United States Dollars) over a period of 18 months from the date of the first commercial order, contingent upon mutually agreed delivery and assembly schedules detailed in the Definitive Agreements.
The rationale behind this strategic alliance centers on co-manufacturing BESS in India using an SKD model. The collaboration is expected to grant Prostarm Info Systems Limited access to advanced BESS technology and global expertise from Topband. This is anticipated to strengthen manufacturing and assembly capabilities in India, enabling joint participation in utility-scale, commercial, and industrial energy storage projects.
The scale of the involved entities was provided as follows:
| Entity | Turnover Data |
|---|---|
| Prostarm Info Systems Limited | INR 27,863.22 Lakhs (for Nine Month ended as on 31 December, 2025) |
| TOPBAND | CNY 11,08,22,09,740 (for Year ended as on 31 December, 2025) |
The joint products will be sold in India under a joint 'Prostarm × Topband' or dual-logo brand, or under the 'PROSTARM' brand, depending on specific requirements. The collaboration aims to promote domestic manufacturing while establishing a platform for innovation in the Indian energy storage sector.
PROSTARM Stock Price Movement
Today, Prostarm Info Systems Limited shares gained 0.83% to settle at ₹130.79 after trading through the close. The equity recorded a total traded volume of 316,722 shares during the session.Source:
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