Prostarm Info declared as L-1 bidder for order of ₹45.72 crore
In a significant development in the power electronics industry, Prostarm Info Systems has been declared the L-1 bidder for a major project. The company has been awarded a prestigious contract to set up a 150 MW/300 MWh Battery Energy Storage System (BESS) at a substation in Karnataka’s Gadag. This project marks a major milestone for Prostarm Info Systems, which will now operate the system for 12 years and receive an annual rental of ₹45.72 crore.
The contract was awarded by the Karnataka Power Transmission Corporation Limited (KPTCL), a leading power transmission company in the state. The contract value of ₹45.72 crore is a significant addition to Prostarm Info Systems’ total order book, which currently stands at ₹31.37 crore.
The 150 MW/300 MWh BESS project is a critical component of KPTCL’s efforts to strengthen the grid infrastructure in Karnataka. The system will help to stabilize the grid, reduce transmission losses, and improve the overall efficiency of the power supply. The BESS will also enable KPTCL to facilitate the integration of renewable energy sources into the grid.
Prostarm Info Systems, a leading power electronics firm, has extensive expertise in designing, manufacturing, and implementing BESS solutions. The company’s team of experts has worked closely with KPTCL to develop a customized solution that meets the specific requirements of the project.
The company’s ability to deliver a high-quality solution on time and within budget was a crucial factor in its selection as the L-1 bidder. “We are thrilled to have been selected as the L-1 bidder for this prestigious project,” said a spokesperson for Prostarm Info Systems. “Our team has worked tirelessly to deliver a solution that meets the needs of KPTCL and we are confident that our BESS will make a significant contribution to the grid infrastructure in Karnataka.”
The announcement of Prostarm Info Systems as the L-1 bidder for the KPTCL project is a significant boost to the company’s growth prospects. The project will not only provide a steady stream of revenue for the company but also enhance its reputation as a leading power electronics firm.
In recent years, Prostarm Info Systems has been expanding its presence in the power electronics industry, with a focus on developing innovative solutions that meet the evolving needs of the sector. The company’s expertise in BESS solutions has been recognized by industry leaders, who have praised its ability to deliver high-quality solutions that meet the specific requirements of each project.
The company’s success in securing the KPTCL project is a testament to its commitment to delivering exceptional solutions that meet the needs of its customers. As Prostarm Info Systems looks to the future, it is well-positioned to continue its growth trajectory and emerge as a leading player in the power electronics industry.
About the News Source
The news article was published on DSIM, a leading online news portal that provides the latest news and updates on the business and technology sectors. DSIM is a trusted source of information for industry professionals, entrepreneurs, and investors looking for insights into the latest trends and developments in the business and technology sectors.
