Prostarm Info Systems gains on bagging Rs 1.60-cr order from India1 Payments
Prostarm Info Systems advanced 1.60% to Rs 114.50 after the company announced that it has received a work order worth Rs 1.60 crore from India1 Payments for the supply and installation of UPS Systems and Servo Stabilizers.
According to the exchange filing, the work order includes the supply and installation of UPS systems and servo stabilizers.
In a regulatory filing, the company confirmed that the total value of the contract stands at Rs 1,60,89,075 and the execution is scheduled to be completed during July to September 2025.
Prostarm also clarified that the transaction does not involve any related parties, and neither the promoter, promoter group, nor any group companies have any interest in the awarding entity.
Additionally, the company reported that it has fully repaid borrowings amounting to Rs 1,782.62 lakh from Bajaj Finance and ICICI Bank, using proceeds from its Initial Public Offering (IPO).
Prostram Info Systems, founded in 2008, is a power solutions provider specializing in UPS systems, inverters, lithium-ion battery packs, and solar EPC projects. The company designs, manufactures, and assembles products in-house and via partners in India and China. It serves sectors like healthcare, IT, defense, and energy through direct sales and a nationwide distributor network. The company operates three units in Maharashtra and has strengthened its tech capabilities through strategic acquisitions and licensing agreements.
On a full-year basis, the company's consolidated net profit jumped 16.6% to Rs 23.31 crore on an 11.9% increase in revenue to Rs 257.87 crore in FY25 over FY24.
Prostram Info Systems made a debut on the stock exchanges on 03 june 2025, with its shares listing at Rs 125, a 19.05% premium to the issue price of Rs 105. The company's initial public offering (IPO), which closed on 29 May 2025, was subscribed 97.20 times. The IPO was priced within a band of Rs 95 and 105 per share.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
19 minutes ago
- Indian Express
UP govt revises SOP to boost financial autonomy of urban local bodies
The Uttar Pradesh Urban Development Department has revised the Standard Operating Procedure (SOP) outlining financial and administrative powers of urban local bodies (ULBs) in the state. Under the new guidelines, Nagar Panchayats will now be empowered to independently sanction development projects up to Rs 1 crore, while municipal Councils can undertake projects worth up to Rs 2 crore. This marks a significant jump from the earlier limit of Rs 40 lakh set in the 2021 SOP. Officials said the updated SOP is part of a broader set of reforms aimed at promoting decentralisation, improving transparency, and strengthening urban governance. One of the key changes allows the use of interlocking tiles on roads up to 3.75 metres in width, an infrastructure upgrade that aligns with modern urban planning needs. In addition to enhancing financial autonomy, the revised SOP has also introduced stronger accountability mechanisms. If a construction project is found to be substandard, 50% of the cost recovery will be borne by the contractor, while the remaining 50% will be recovered from the concerned engineers and administrative officials of the respective ULB. The district magistrate will oversee this recovery process. Urban local bodies have also been instructed to maintain ward-wise road directories and conduct GIS mapping of existing infrastructure to aid in more efficient future planning. 'It is a step towards reforms and would improve the quality and effectiveness of urban governance and at the same time increase transparency. These revised SOP norms also aim to promote decentralization,' claimed Amrit Abhijat, Principal Secretary, Urban Development Department.
Time of India
21 minutes ago
- Time of India
Prayagraj's women lead the way with 46.71% workdays under MNREGA
1 2 Prayagraj: The state government's relentless efforts towards women's empowerment and employment have yielded impressive results in Sangam City. Under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), women's participation in total workdays generated has reached an encouraging 46.71 per cent. A total of 1.60 crore jobs (manav diwas) have so far been created under the MNREGA scheme across the state in the financial year 2025-26, out of which women contributed to the creation of more than 72 lakh jobs. The contribution of about 45 per cent is the highest so far. Interestingly, women are also proving helpful for MNREGA management and supervision. The number of women mates employed under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) has increased in the current financial year. Over 5,500 women mates have been employed, marking a 3 percent rise from 41.87 per cent in 2024-25. Deputy commissioner (MNREGA) Gulab Chandra said, "As many as 6,112,887 jobs (manav diwas) have so far been created in the Prayagraj district during the financial year 2024-25. The percentage of workdays of women workers in the total workdays created has been 46.71%, which is more than the state average." He said, "The responsibility of rozgar sevak (women mate) given to rural women under MNREGA is bringing a big change in their lives." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo Chandra said as many as 852 women mates were employed in the district in the financial year 2024-25. The govt provides an honorarium of Rs 325 per day to these women mates. In this way, it turned out to be a source of additional income for them along with their household work. Namrata Devi, a resident of Arjun Patti Gram Panchayat of Handia development block of the district, says that her husband Akhilesh works in a rubber factory, but the basic needs of the house were not met. After being appointed to the job of a mahila mate in MNREGA, she is able to get extra money every month and manages the house smoothly. Sushila Devi, a resident of Jagua Sodha Gram Panchayat of Handia development Khand, claims, "Despite her work as a welder, the education of two children and household expenses were not met with this amount." She said that with the income she gets from MNREGA mate, she is able to cover the education expenses of her children.
Time of India
22 minutes ago
- Time of India
Sugar minister pays a surprise visit to Malaprabha Sugar Factory in Belagavi
Pic: Minister Shivanand Patil hears grievances at Malaprabha Cooperative Sugar Factory on Saturday evening Belagavi: Sugar minister Shivanand Patil went on a surprise visit to the Malaprabha Sugar Factory at MK Hubli on Saturday evening. He received a barrage of complaints from farmer leaders, workers, as well as the management board. In the wake of complaints received about the Malaprabha Cooperative Sugar Factory, minister Patil visited to the factory on Saturday evening. He experienced a shower of mutual complaints from farmer leaders, workers, and the management board about the poor condition of the factory. The farmers' association leaders complained that the money for supplying sugarcane to the sugarcane growers was due. They said the factory suffered losses due to the corruption of the management board. Some members of the management board had resorted to looting, resulting in crores of rupees being lost, they accused. The chairman of the board of directors explained to the minister that the reason for the loss of the factory was the competition of sugar factories in the district and the conflict between the farmer leaders. Anand Huchagoudar, a leader of the farmers' association, said that the factory's poor condition was due to the shortcomings of the previous and the current board of directors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like เทรด Bitcoin และ Ethereum - ไม่ต้องใช้กระเป๋าเงิน! IC Markets เริ่มต้นตอนนี้ Undo "The boards of directors showed low sugar yield. They illegally stocked a large amount of sugar and misused it. We detected this irregularity and complained to the deputy commissioner.A complaint was filed with the Lokayukta along with documents regarding the irregularities. We also gave the records of the telephone conversations of those involved in the irregularity to the Lokayukta. Even though the govt appointed an officer for the post of managing director, the board of directors did not allow him to take charge and appointed whoever they wanted," he said. Basavaraj, the chairman of the board of directors, said that the increase in the number of sugar factories in the district is also one of the reasons for the loss. The required amount of sugarcane is not coming to the factory. There is also a non-cooperative attitude of the farmers' association leaders, he said. The factory suffered losses due to the mismanagement of those in power, explained farmer leader Basavaraj Mokashi. Farmers demanded to dismiss the management board immediately; investigate the irregularities and recover the money; avoid the looting that going on even though the factory at a loss; run the factory with assistance from the govt and appoint a govt official for the post of MD. Officials explained to the minister that the factory took a total of Rs 135 crore from various banks and financial institutions. The loan, including interest, amounts to Rs 160 crore.
