PROSTARMNSEProstarm Info Systems LimitedMediumPositive
Announced Fri, 13 Mar · 17:45 IST

LOA from SAIL for Supply, installation & commissioning of 2 MW Roof Top Solar Project

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PROSTARM · price

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Price reaction · full curve 14 horizons · vs prior close
+1.5%1-day move
₹124.10
prior close
₹129.00
base price
After-mkt
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AI summary

Prostarm Info Systems has received a Letter of Acceptance from Steel Authority of India Limited (SAIL) for supply, installation, and commissioning of a 2 MW (AC) Roof Top Solar PV System at SAIL's plant buildings. The order is valued at Rs 6.71 crore and is to be executed over 12 months. The order is domestic in nature, and the company has confirmed that neither the promoters/group companies have any interest in SAIL nor is this a related party transaction. This is a continuation of the company's earlier announcement dated January 20, 2026.

Likely market impact

This is a modest-size order for the company from a prestigious PSU client, reinforcing Prostarm's presence in the rooftop solar segment. While the value is not large enough to move the needle significantly on its own, winning repeat or follow-on work from a government PSU like SAIL lends credibility and may support order book momentum.