Rs 92.92 Crore Order: This Power Stock Secures 100 MWh Battery Energy Storage System Contract; Check Details

On Friday, Indian equity benchmark indices traded higher, with the benchmark Nifty 50 index rising 20.15 points (0.08 per cent) to 24,252.00. Amid the market movement, Pace Digitek share price rose 3.03 per cent to Rs 180.69 after its material subsidiary Lineage Power Private Limited received a Letter of Award worth Rs 92.92 crore, including GST, from Kalpa Power Private Limited for the supply and commissioning support of a 100 MWh Battery Energy Storage System.

Pace Digitek Subsidiary Secures Rs 92.92 Crore Order

Lineage Power Private Limited, a material subsidiary of Pace Digitek Limited, has received a Letter of Award aggregating to Rs 929.25 million, equivalent to Rs 92.92 crore, including GST, from Kalpa Power Private Limited. The order is for the supply and commissioning support of a Battery Energy Storage System with a capacity of 100 MWh.

According to the company's disclosure under Regulation 30 of the SEBI Listing Regulations, the order has been awarded by a domestic entity. The contract covers the supply and commissioning support of the 100 MWh BESS.

Order to be Completed by December 2026

As per the filing, the project is scheduled to be completed by December 31, 2026. The broad consideration or size of the order stands at Rs 929.25 million, including GST.
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The order has been awarded by Kalpa Power Private Limited. The company has clarified that the promoter, promoter group or group companies have no interest in the entity awarding the order. It has also stated that the transaction does not fall under related party transactions.

Focus on Battery Energy Storage Systems

The latest order is for a 100 MWh Battery Energy Storage System and covers both the supply and commissioning support of the system. The contract is classified as a domestic order, with execution scheduled by the end of December 2026.

About Pace Digitek

Pace Digitek Limited, formerly known as Pace Digitek Private Limited and Pace Digitek Infra Private Limited, is the parent company of Lineage Power Private Limited, which has received the latest Letter of Award. The company is listed on both the BSE and NSE, with its NSE symbol being PACEDIGITK.

The latest contract adds a 100 MWh Battery Energy Storage System project to the business activities of its material subsidiary, with the order carrying a value of Rs 92.92 crore including GST.

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Disclaimer: The article is for informational purposes only and not investment advice