Pace Digitek

Pace Digitek's board approved the issuance of up to 2,50,000 listed, rated, secured redeemable non-convertible debentures aggregating up to Rs 250 crore through private placement in one or more tranches. The issue was proposed for listing on the wholesale debt market segment of BSE, with tenure, coupon, security and redemption terms to be fixed in the key information document at allotment. The company reported consolidated revenue of about Rs 2,641 crore in FY26, with energy storage contributing around 80% and telecom and ICT the balance. Its battery energy storage plant at Bidadi had 5 GWh of installed capacity, with the first 2.5 GWh line operating at about 85% utilisation. Its order book stood at more than Rs 11,000 crore, with inflows of Rs 8,038 crore recorded since listing.

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** Power management firm Pace Digitek's shares PACD.NS rise as much as 6% to 171.56 rupees apiece

** Uptick after PACD receives an order worth 1.79 billion rupees ($18.51 million) from BSES Rajdhani Power

** Order pertains to the design, supply, installation, commissioning, operation and maintenance of battery energy storage system (BESS) in New Delhi

** Order adds to PACD'S battery project wins after it secured a 4.89 billion-rupee order from NTPC's NTPC.NS unit last month

** This is the fifth major battery energy storage project secured by PACD, strengthening its portfolio of long-term contracted energy infrastructure assets, PACD says in an exchange filing

** PACD shares are down 12.5% in 2026 so far, according to exchange data

($1 = 96.6800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Pace Digitek received a Rs 179.4 crore letter of intent from BSES Rajdhani Power for design, supply, testing, installation, commissioning, operation and maintenance of battery storage systems totalling 57.5 MW/115 MWh across four grid stations. The project was to be commissioned within 28 weeks of the effective date of the storage agreement. It followed a Rs 92.9 crore order for 100 MWh of storage awarded in August. Inflows since listing stood at Rs 8,038 crore, with the order book at more than Rs 11,000 crore. Revenue was about Rs 2,641 crore in the year to March, with energy and storage accounting for roughly four-fifths. The company's 5 GWh storage manufacturing plant at Bidadi was operating with its first line at about 85% utilisation.

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Oct 8 (Reuters) - Pace Digitek Ltd PACD.NS:

• RECEIVES LOI WORTH 1.79 BILLION RUPEES

Further company coverage: PACD.NS

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Oct 7 (Reuters) - Pace Digitek Ltd PACD.NS:

• PACE DIGITEK - TO CONSIDER FUNDRAISING VIA NON-CONVERTIBLE DEBENTURES PRIVATE PLACEMENT

Source text: ID:nBSE5hZ7tn

Further company coverage: PACD.NS

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** Shares of construction and engineering company Pace Digitek PACD.NS up 10.8% at 171.62 rupees, their highest level in over two weeks

** Stock records biggest pct jump since June 23

** Co's unit, Lineage Power, wins order worth 4.88 billion rupees ($50.99 million) from NTPC GE Power Services

** Order for supply, installation support, testing and commissioning of 5.015 megawatt-hour battery energy storage system along with a 12-year maintenance contract

** Order to be completed by December 31, 2026

** YTD, shares down 8.12%

($1 = 95.7000 Indian rupees)

(Reporting by Saikeerthi in Bengaluru)

(([email protected]; (+91) 8296756080))

Pace Digitek's material subsidiary Lineage Power Private Limited received a ₹488.46 crore letter of award from NTPC GE Power Services Private Limited for supply, delivery, testing and supervision of erection, testing and commissioning of 5.015 MWh of BESS containers with BMS and EMS, including a 12-year comprehensive maintenance contract. The domestic order was scheduled for completion by 31 December 2026. It followed a ₹92.9 crore award to Lineage Power in August for 100 MWh of BESS with the same December completion date. Pace Digitek's order book stood at ₹10,977 crore at the end of the June quarter, weighted toward utility and distribution BESS work. Consolidated revenue was ₹2,643 crore in FY26, with energy and BESS accounting for about 80% of sales, and the company guided FY27 revenue of ₹3,200-3,400 crore.

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Sept 21 (Reuters) - Pace Digitek Ltd PACD.NS:

• UNIT GETS LOA FOR ORDER WORTH 4.88 BILLION RUPEES

Further company coverage: PACD.NS

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Pace Digitek's material subsidiary Lineage Power received a Letter of Award worth ₹92.925 crore, including GST, from Kalpa Power for the supply and commissioning support of a 100 MWh battery energy storage system. The domestic order was scheduled for completion by December 31, 2026, and there was no promoter, promoter-group or group-company interest in Kalpa Power; the order was not a related-party transaction. Energy and BESS projects accounted for about 79.5% of Pace Digitek's Q1 FY27 revenue, with its energy order book at ₹8,453 crore. Consolidated FY26 revenue was ₹2,641 crore, while the company's BESS EPC tenders had generally ranged from ₹584 crore to ₹710 crore.

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Aug 4 (Reuters) - Pace Digitek Ltd PACD.NS:

• PACE DIGITEK - COMMISSIONS 2.5 GWH BESS LINE

Source text: ID:nBSE98tqCs

Further company coverage: PACD.NS

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July 20 (Reuters) - Pace Digitek Ltd PACD.NS:

• PACE DIGITEK LTD- UNIT AND MEGMEET EXPAND COOPERATION TO SUPPORT AI DATA CENTER POWER INFRASTRUCTURE CAPABILITIES IN INDIA

Source text: ID:nBSEGmKdc

Further company coverage: PACD.NS

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July 13 (Reuters) - Pace Digitek Ltd PACD.NS:

• PACE DIGITEK - SUBSIDIARY SIGNS MOU WITH BONDADA RENEWABLE ENERGY

Source text: ID:nBSEdRWby

Further company coverage: PACD.NS

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** Shares of Pace Digitek PACD.NS rise 2.6% to 217.89 rupees

** Integrated infrastructure and energy solutions co says its unit Lineage Power signed two pacts with Onward Solar Power and Kalpa Power for battery energy storage systems (BESS)

** Pacts cover supply of DC blocks, commercial, industrial and residential BESS, power conversion systems, energy management systems and battery containers

** Stock up 14.3% YTD

(Reporting by Payel Das in Bengaluru)

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July 9 (Reuters) - Pace Digitek Ltd PACD.NS:

• UNIT ENTERS MOU FOR SUPPLY OF BATTERY ENERGY STORAGE SYSTEMS

Source text: ID:nNSE9KbcXF

Further company coverage: PACD.NS

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Lineage Power, the wholly owned subsidiary of Pace Digitek, has entered into a master supply agreement with Guangzhou Rongjie Energy Technology Co., a Chinese lithium-ion battery cell manufacturer, to secure 3 gigawatt hours of LFP battery cells and accessories. The agreement provides a long-term supply framework covering pricing, quality standards, warranties, and delivery timelines, with cells featuring Rongjie Energy Tech's 314 amp‑hour storage‑specific prismatic design. The tie-up is intended to support Pace Digitek's expanding battery energy storage system manufacturing platform and comes as the company scales its BESS capacity to 10 GWh.

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June 29 (Reuters) - Pace Digitek Ltd PACD.NS:

• PACE DIGITEK LTD- CO'S UNIT LINEAGE POWER SIGNS 3 GWH BATTERY CELL SUPPLY AGREEMENT WITH RONGJIE ENERGY TECH

Source text: ID:nnAZN4T4V2M

Further company coverage: PACD.NS

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Pace Digitek's board approved a ₹200 crore investment to expand its battery energy storage manufacturing capacity from 2.5 GWh to 10 GWh, including a new 5 GWh facility and an in-house container fabrication unit for backward integration. The expansion will be funded through internal accruals and commissioned in phases during the current financial year. The board also approved acquiring the remaining 49% stake in subsidiary Inso Pace Private Limited from founder Venugopalrao Maddisetty, making it a wholly owned unit, and created an employee stock option plan covering up to 20 lakh shares. A new research centre in Pune, focused on clean energy technologies, was also greenlit, along with the formation of an additional wholly owned subsidiary and the appointment of retired IRS officer Maya Swaminathan Sinha as an independent director.

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May 18 (Reuters) - Pace Digitek Ltd PACD.NS:

• PACE DIGITEK LTD - SECURES 7.1 BILLION RUPEES CONTRACT FROM NLC INDIA RENEWABLES

Source text: ID:nBSE37S5XL

Further company coverage: PACD.NS

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May 7 (Reuters) - Pace Digitek Ltd PACD.NS:

• RECEIVES 7.02 BILLION RUPEES CONTRACTS FROM DAMODAR VALLEY CORPORATION

Source text: ID:nBSE8XqCq

Further company coverage: PACD.NS

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April 24 (Reuters) - Pace Digitek Ltd PACD.NS:

• PACE DIGITEK LTD - ANNOUNCES OEM PARTNERSHIP WITH NEC XON SYSTEMS IN SOUTH AFRICA

Source text: ID:nBSE5n1Z9M

Further company coverage: PACD.NS

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April 23 (Reuters) - Pace Digitek Ltd PACD.NS:

• ENTERS EXCLUSIVITY AGREEMENT WITH NEC XON SYSTEMS PROPRIETARY LIMITED

• NEC XON GRANTED EXCLUSIVE RIGHTS TO MARKET, SELL CO'S PRODUCTS

• AGREEMENT COVERS SOUTH AFRICA, BOTSWANA, MOZAMBIQUE, NAMIBIA, MAURITIUS

Source text: ID:nBSEbfPPVG

Further company coverage: PACD.NS

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April 1 (Reuters) - Pace Digitek Ltd PACD.NS:

• PACE DIGITEK LTD - SECURES BESS EPC ORDER FROM NTPC FOR 200 MW / 400 MWH DEPLOYMENT

• PACE DIGITEK LTD - CONTRACT VALUED AT 4.95 BILLION RUPEES

Source text: ID:nBSE2M1p6x

Further company coverage: PACD.NS

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March 30 (Reuters) - Pace Digitek Ltd PACD.NS:

• RECEIVES LETTER OF ACCEPTANCE FOR ORDER WORTH 4.95 BILLION RUPEES

Source text: ID:nBSE5Sfwfc

Further company coverage: PACD.NS

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March 26 (Reuters) - Pace Digitek Ltd PACD.NS:

• RECEIVES ORDER WORTH 226.42 MILLION RUPEES FROM NORTH WESTERN RAILWAY

Source text: ID:nBSEsj45k

Further company coverage: PACD.NS

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** Shares of India's Pace Digitek PACD.NS jump 2.2% to 185.64 rupees

** Telecom infra co's subsidiary wins order worth 1.59 billion rupees ($17.48 million) from Reliance Industries RELI.NS

** Order for supply of high-capacity lithium-ion battery packs

** PACD down 3.5% so far in 2026

($1 = 90.9570 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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Feb 23 (Reuters) - Pace Digitek Ltd PACD.NS:

• GETS ORDER WORTH 1.59 BILLION RUPEES

Source text: ID:nnAZN4SHUJE

Further company coverage: PACD.NS

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** Shares of Pace Digitek PACD.NS rise 1.8% to 181.87 rupees

** Telecom infra co gets order worth 890.7 mln rupees ($9.8 mln) from RailTel Corporation Of India RAIT.NS

** Order for IP-based video surveillance system in rail coaches

** YTD, PACD down ~3.5%

($1 = 90.9390 Indian rupees)

(Reporting by Vijay Malkar)

(([email protected];))

** Shares of Pace Digitek Ltd PACD.NS rise as much as 3.1% to 187.71 rupees
** Co's unit gets purchase order worth $1.3 mln from Yaqin Chem
** More than 278,000 shares traded as of 9:47 A.M. IST, under their 30-day moving avg of 858,044 shares
** PACD last up 1.5%, cutting YTD losses to 3.4%

(Reporting by Meenakshi Maidas in Bengaluru)

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Feb 18 (Reuters) - Pace Digitek Ltd PACD.NS:

• UNIT RECEIVES PURCHASE ORDER WORTH USD 1.3 MILLION

Source text: ID:nNSEvkwVq

Further company coverage: PACD.NS

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Feb 11 (Reuters) - Pace Digitek Ltd PACD.NS:

• PACE DIGITEK LTD - HAS RECEIVED LETTER OF AWARD (LOA) FROM KARNATAKA RENEWABLE ENERGY DEVELOPMENT LIMITED

• PACE DIGITEK LTD - PROJECT INVOLVES SETTING UP A 250 MW SOLAR PV POWER PROJECT IN KARNATAKA

Source text: ID:nNSE7fkqhL

Further company coverage: PACD.NS

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