Prostarm Signs MOU with Shenzhen Topband for BESS Manufacturing in India
Prostarm Info Systems Limited signed an MOU with Shenzhen Topband Co. Ltd. for Battery Energy Storage System (BESS) manufacturing in India. Topband will provide SKD kits and technology, while Prostarm will handle local assembly and commercialization. Prostarm committed to a minimum purchase of USD 10 million (₹83.28 crore) over 18 months.
The agreement involves a significant minimum purchase commitment and aims to establish a new manufacturing vertical for the company, which could have a moderate impact on its business operations and revenue.
The MOU signifies a strategic partnership for manufacturing in India, aligning with the 'Make in India' initiative and indicating potential growth and technology access for Prostarm.
Prostarm Info Systems Limited announced that its Board of Directors has approved signing a Memorandum of Understanding (MOU) with Shenzhen Topband Co. Ltd., a Chinese company. This MOU aims to establish a collaborative framework for exploring a potential strategic alliance focused on Battery Energy Storage System (BESS) co-manufacturing in India.
Under the proposed agreement, Shenzhen Topband will supply Semi-Knocked Down (SKD) BESS kits, technology, and technical know-how. Prostarm Info Systems Limited will be responsible for the local assembly, integration, and commercialization of these systems in India. The company plans to cater to commercial & industrial (C&I), home/commercial BESS, and utility-scale projects within India, aligning with the "Make in India" initiative and promoting domestic value addition.
The company has committed a minimum purchase of USD 10,000,000 (₹83.28 crore) over 18 months from the first commercial order. Prostarm's turnover for the nine months ended December 31, 2025, was ₹27,863.22 lakh (₹278.63 crore), while Topband's turnover for the year ended December 31, 2025, was CNY 11,08,22,09,740 (approximately ₹13,000 crore). The collaboration is expected to provide access to advanced BESS technology, strengthen Indian manufacturing capabilities, and drive revenue growth in the energy storage sector.
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Prostarm Info Systems Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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