20% Upper Circuit & 52-Week High Alert: Company to establish 1.2 GWh Battery Energy Storage System (BESS) Manufacturing Facility at Reliance MET, Jhajhar, Haryana

Prostarm Info Systems Limited, a key player in power electronics, has announced a significant forward integration strategy with the establishment of its first Battery Energy Storage System (BESS) manufacturing facility. Located in Reliance MET City, Jhajjar, Haryana, this facility marks a crucial step in enhancing Prostarm's manufacturing capabilities in the energy storage solutions segment. The company has secured a 9-year lease for a 3,912.15 sq. meter land parcel, including a 34,000 sq. foot covered shed area. A total capital expenditure of Rs 25 crore is planned for the project, covering advanced plant and machinery, office infrastructure, HVAC systems and power upgrades, aiming for an annual manufacturing capacity of 1.2 GWh.

The new BESS unit will cater to both Commercial & Industrial (C&I) and Utility-scale applications and is expected to be commissioned by the end of the financial year 2026. This expansion is strategically timed to support India's rapidly growing demand for energy storage solutions, driven by the country's ambitious renewable energy targets. India's BESS market is projected to expand significantly, with widespread adoption potentially avoiding over 2,000 million tonnes of CO2 emissions and the planned addition of over 44 GW of BESS capacity by 2030 being critical for integrating renewable energy and enhancing grid stability.

About the Company

Prostarm Info Systems Limited specialises in the design, manufacture, assembly, sale and servicing of Energy Storage and Power Conditioning Equipment under its proprietary brand in India. Their diverse product line encompasses UPS systems, inverters, lift inverters, solar hybrid inverters, lithium-ion battery packs, SCVS and isolation transformers, available as both standard and customised solutions produced in-house and through partners. Beyond their offerings, Prostarm also trades in third-party products such as batteries, IT assets and solar panels. Furthermore, the company undertakes rooftop solar EPC projects nationwide and provides comprehensive value-added services including installation, rentals, after-sales support and Annual Maintenance Contracts (AMC).

On Wednesday, shares of Prostarm Info Systems Ltd hit a 20 per cent upper circuit to Rs 197.15 per share from its previous closing of Rs 164.30 per share. The stock also made a new 52-week high of Rs 197.15 per share while its 52-week low of Rs 107.10 per share. The shares of the company saw a spurt in volume by 5.8 times on the BSE. The stock is up by 84 per cent from its 52-week low of Rs 107.10 per share.

Disclaimer: The article is for informational purposes only and not investment advice.