PROSTARM to establish 1.2 GWh BESS Manufacturing Facility at Reliance MET, Jhajhar, Haryana

Prostarm Info Systems Limited, a leading player in power electronics and critical power infrastructure, is proud to announce a significant step in its forward integration strategy. The company plans to establish its first Battery Energy Storage System (BESS) manufacturing facility in Reliance MET City, in Jhajjar, Haryana. This marks a key milestone in the company's commitment of enhancing its manufacturing capabilities in the battery energy storage solutions segment.

For the proposed expansion, the Company has secured for a 9-year lease from May 2025 to April 2034 of a land parcel, measuring 3,912.15 sq. meters, including a covered shed area of 34,000 sq. ft. The total capex planned for the project is INR 25 Crores, which includes setup of advanced plant & machinery, office infrastructure, HVAC systems, power capacity upgrades, anti-static flooring, warehousing and other essential infrastructure to enable high-end assembly and integration. The plant will have an annual manufacturing capacity of 1.2 GWh, enabling Prostarm to address large-scale demand across multiple sectors.

The BESS unit will cater to both Commercial & Industrial (C&I) and Utility-scale applications. The facility is expected to be commissioned by the end of financial year 2026, and will support India's growing demand for energy storage solutions, driven by the country's ambitious renewable energy targets.

India's battery energy storage system (BESS) market is projected to expand to 66 GW by 2032 from less than 0.2 GW currently, reflecting a sevenfold increase in capacity, according to industry sources. The widespread adoption of BESS could help avoid over 2,000 mn tonnes of CO2 emission. The planned addition of 44+ GW of BESS capacity by 2030 is a critical step towards integrating renewable energy and enhancing grid stability. India's BESS market is expanding due to the surge in renewable capacity as the country progress towards its 2030 renewable energy mission.

BESS is gaining momentum due to following factors:

a) BESS provides quick backup and hence helps maintain GRID stability and restoration in case emergencies,

b) C&I segment is gradually shifting to BESS as a good alternate to Genset,

c) The decreasing cost of Lithium Ion batteries is making BESS more affordable.

Commenting on this development, Mr. Ram Agarwal, Whole Time Director and CEO said: "This strategic expansion marks our entry into the fast-growing BESS segment, which is a natural extension of our core expertise in power electronics. With this facility, the company aims to become one of India's few OEMs manufacturing BESS solutions, allowing us to directly supply to EPC contractors and developers, thereby opening up significant new revenue opportunities. We believe this strategic expansion positions Prostarm at the forefront of India's energy transformation. In BESS, the Company already secured 22 MWh order from Adani Electricity Mumbai Limited for design, supply, installation, commissioning and testing having contract value of Rs. 52 Crs approx. and another LOI from Bihar State Power Generation Company Limited for 120 MWh on BOOT model with monthly rental of Rs. 4.44 lacs/MW for period of 12 years".

Shares of Prostarm Info Systems Limited was last trading in BSE at Rs. 156.05 as compared to the previous close of Rs. 152.35. The total number of shares traded during the day was 269780 in over 2777 trades.

The stock hit an intraday high of Rs. 158.00 and intraday low of 149.30. The net turnover during the day was Rs. 41409761.00.

Source : Equity Bulls

Keywords

ProstarmInfoSystems INE0BX301013 ElectricalEquipment BESS ManufacturingFacility