Prostarm Info Systems gets LoI from Bihar State Power Generation Company

Prostarm Info Systems Ltd. | Electric Equipment | Capital Goods & Industrial Consumables | BSE: 544410 | NSE: PROSTARM

17 Jun 2025 Evaluate

Prostarm Info Systems has received a Letter of Intent (LoI) from ‘Bihar State Power Generation Company’ for setting up of 30MW/120 MWh standalone Battery Energy Storage System (BESS) at rental of Rs 4.44 lakh/MW/Month (i.e. yearly rental of Rs 15.98 crore on 30MW/120 MWh) under Tariff Based Competitive Bidding (TBCB) mode at different GSS location of BSPTCL in Bihar with Viability Gap Funding (VGF) Support under BOOT model for 12 years.

Prostarm Info Systems is engaged in designing, manufacturing, assembling, sale, service and supply of Energy Storage Equipment and Power Conditioning Equipment (Power Solution Products) in India.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.