Synopsis:
Prostarm Info Systems has been selected to implement CCTNS IT infrastructure across Maharashtra police establishments worth Rs. 158.68 crores, though the company has yet to receive formal award communication.
During Thursday’s trading session, shares of an electronic, electromechanical and engineering design, manufacturing and supplies company surged nearly 4.3 percent on BSE, after securing an order worth nearly Rs. 159 crores from the Home Department of the Government of Maharashtra.
At 02:21 p.m., the shares of Prostarm Info Systems Limited were trading in the green at Rs. 226.65 on BSE, up by around 3 percent, as against its previous closing price of Rs. 220.5, with a market cap of Rs. 1,334 crores.
What’s the News
As per Government Resolution dated 10th September 2025, issued by the Home Department of the Government of Maharashtra and published on the official government portal, Prostarm Info Systems Limited has been selected for the supply, installation, commissioning, and maintenance of CCTNS (Crime and Criminal Tracking Network and Systems) IT Infrastructure and related peripherals across police establishments in Maharashtra. The total contract value is Rs. 158.68 crores.
The company has further clarified in its filings that, although the Government Resolution is publicly available online, it has not yet received any formal communication, such as a Letter of Award (LoA)/Letter of Intent (LoI), from the concerned department.
Financials & more
Prostarm Info Systems reported a decline in its revenue from operations, showing a quarter-on-quarter decrease of around 33 percent from Rs. 82 crores in Q4 FY25 to Rs. 55 crores in Q1 FY26. Likewise, its net profit decreased during the same period from Rs. 7 crores to Rs. 2 crores, representing a fall of around 71 percent QoQ.
As of June 2025, the company’s order book stands at Rs. 283.8 crore, with 84 percent contributed by government projects and the remaining 16 percent coming from private sector clients.
Prostarm Info Systems Limited is engaged in the design, manufacturing, assembly, sales, service, and supply of energy storage and power conditioning equipment (power solution products) in India.
Its product portfolio encompasses UPS systems, inverter systems (including lift and solar hybrid inverters), lithium-ion battery packs, servo-controlled voltage stabilisers (SCVS), isolation transformers, and allied products.
The company’s shares made a strong debut on the stock exchanges on 3rd June 2025. On the NSE, the stock opened at Rs. 120 per share, reflecting a 14.29 percent increase over the IPO price of Rs. 105. Meanwhile, on the BSE, the shares started trading at Rs. 125 each, marking a 19.05 percent rise from the issue price.
By the end of the first trading day, Prostarm Info Systems closed at Rs. 126 on the NSE, representing a 20 percent premium, and at Rs. 126.25 on the BSE, up 20.24 percent from the IPO price.
Written by Shivani Singh
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