Prostarm Info Systems Limited has informed the Exchange about LOA for execution of End -to-End EPC works for 50 MWac Solar PV Power Project in the State of Maharashtra
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Prostarm Info Systems has received a Letter of Award (LOA) from Solarium Green Energy Limited to execute end-to-end EPC works for a 50 MWac Solar PV Power Project in Maharashtra, as a sub-contractor. The ultimate client is MAHAGENCO (Maharashtra State Power Generation Company Limited, a state government entity). The total order value is approximately ₹165 Crores, exclusive of GST, and excludes 3 years of Operation & Maintenance services. This is a domestic, turnkey EPC order and is not a related party transaction.
This is a sizeable ₹165 Crore order win that strengthens Prostarm's order book in the solar EPC segment and ties the company to a government-backed project via a state PSU, which could be seen as a positive signal for revenue visibility. Shareholders should note execution timelines and margins will depend on the yet-to-be-signed definitive EPC agreement.