Prostarm Bags Rs 3.7 Crore Order for Power Solutions
Hey finance enthusiasts! 👋 Let’s dive into some exciting news from Prostarm Info Systems Limited (PROSTARM). The company just announced a significant new order that’s set to boost its power solutions segment. ✨
Prostarm has secured a purchase order from Electronic Payment & Services Private Limited for the supply and installation of UPS (Uninterruptible Power Supply) systems, complete with Lithium Ion batteries and Isolation Transformers. This is a substantial win, valued at Rs. 3.70 Crores (that’s Rs. 369,75,000 to be precise, excluding GST!). 💰
For those unfamiliar, Electronic Payment & Services Private Limited is a key player in India’s payment infrastructure, often involved in ATM services and other critical financial transaction systems. Think about it: reliable power is absolutely essential for such operations to run smoothly, making this a crucial order for their infrastructure. 🔋
The work order, dated August 7, 2025, was officially received by Prostarm on August 8, 2025. The project involves a comprehensive supply and installation, with an estimated completion time of approximately 4 months. Plus, there’s a solid 7-year warranty on the UPS, batteries, and isolation transformers, which speaks volumes about the quality and reliability Prostarm is offering.
It’s also worth noting that this is a domestic order, and the company has confirmed that neither its promoters nor any group companies have an interest in Electronic Payment & Services Private Limited. This means the transaction is not a related party transaction, ensuring transparency and standard business dealings.
This new order highlights Prostarm’s expertise in providing critical power infrastructure solutions, especially with the growing demand for efficient and reliable battery technologies like Lithium Ion. It’s definitely a positive development for the company as it continues to expand its footprint in the power solutions market. Keep an eye on how this contributes to their future performance! 🚀
source: Corporate Announcement
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