Pace Digitek Limited filed a regulatory disclosure pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding its material subsidiary Lineage Power Private Limited (LPPL) entering into a strategic cooperation agreement with MEGMEET Electrical India Private Limited.
The strategic cooperation agreement expands the companies' existing five-year business relationship in telecom power solutions into AI data center power infrastructure. Under the agreement, MEGMEET will serve as a strategic supplier of AI data center power systems and related products to LPPL. The collaboration includes technical support, product upgrades, training, and lifecycle after-sales services, with product supply to be undertaken through mutually agreed purchase orders.
The partnership builds on LPPL's established Battery Energy Storage System (BESS) manufacturing and system integration capabilities by adding AI data center power systems to its portfolio. This combination aims to broaden Pace Digitek's integrated energy infrastructure offering by combining power management, energy storage and system integration expertise for AI data center applications.
The company cites the growth of AI computing, hyperscale data centers and digital infrastructure as driving demand for reliable and energy-efficient power infrastructure as the rationale for this expansion.
Executive Commentary
Mr. Venugopal Rao Maddisetty, Chairman & Managing Director of Pace Digitek Limited, stated that AI data centers represent a significant growth opportunity within the digital infrastructure ecosystem and that their existing BESS manufacturing & system integration capabilities provide a strong foundation for participating in this evolving market.
Mr. Sam Hong, Sales Executive of MEGMEET Electrical India Private Limited, stated that by combining MEGMEET's advanced power electronics and system-level AIDC power supply solutions with Lineage Power's manufacturing, system integration, and execution capabilities, they aim to support reliable, efficient, and scalable power infrastructure for next-generation data centers in India.
Business Description
Pace Digitek Limited is an integrated infrastructure and energy solutions company operating across two business segments: Energy and Telecom & ICT. The Company operates across the value chain, spanning manufacturing, engineering, procurement and construction (EPC), and operations and maintenance (O&M).
In the energy segment, the Company undertakes Battery Energy Storage System (BESS) design, manufacturing, product supply, integration, and deployment through its subsidiary Lineage Power Private Limited.
In the telecom segment, the Company manufactures telecom power systems and provides EPC services and O&M for telecom infrastructure across multiple circles in India.