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Prostarm Info Systems Ltd has been declared the L-1 bidder by Steel Authority of India Ltd (SAIL) to supply a 2MW solar system worth ₹67.1 million. The project highlights India’s push toward renewable energy adoption, strengthening SAIL’s sustainability goals while boosting Prostarm’s presence in the clean energy sector.
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Key Highlights
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Winning Bid: Prostarm Info Systems Ltd has secured the position of L-1 bidder in SAIL’s solar project tender, confirming its leadership in renewable energy solutions.
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Project Scope: The company will supply and install a 2MW solar system valued at ₹67.1 million, marking a significant addition to SAIL’s green energy portfolio.
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Strategic Impact: This initiative aligns with India’s broader renewable energy transition, reducing reliance on fossil fuels and supporting industrial sustainability.
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Corporate Growth: For Prostarm, the contract strengthens its foothold in the solar energy market, showcasing its ability to deliver large-scale, cost-efficient solutions.
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Future Outlook: The partnership between Prostarm and SAIL is expected to pave the way for further collaborations in clean energy, contributing to India’s target of achieving 500GW of renewable capacity by 2030.
This development underscores how industrial giants like SAIL are embracing solar power, while technology providers like Prostarm are driving the momentum toward a greener future.
Sources: Moneycontrol Corporate Announcements, BSE Filings
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