Company has been declared as L-1 bidder by SAIL for 2 MW Roof Top Solar Project
PROSTARM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Prostarm Info Systems Limited has been declared as the L-1 (lowest) bidder by SAIL (Steel Authority of India Limited) for a 2 MW Roof Top Solar Project. L-1 status typically means the company is likely to be awarded the contract, pending final approval and formal letter of award. The exact order value has not been disclosed in the headline. SAIL is a public sector company, making this a government/PSU-linked order. The project size of 2 MW suggests a relatively modest solar installation in scale.
This is a positive development for Prostarm as it strengthens its order book from a reputed government PSU client. However, the contract is not yet formally awarded, so investors should wait for the final award announcement. The 2 MW size is small, so the stock price reaction may be limited unless the order value is significant relative to company revenue.