Pace Digitek Limited filed a regulatory disclosure pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, intimating about a press release regarding strategic partnerships entered into by its subsidiary.
The company's material subsidiary, Lineage Power Private Limited (LPPL), has entered into two separate Memorandum of Understanding (MoU) agreements:
- With M/s. Onward Solar Power Private Limited
- With M/s. Kalpa Power Private Limited
The MoUs were signed on July 09, 2026, during the 12th India Energy Storage Week (IESW) 2026 event held at IICC, Yashobhoomi, New Delhi, where Pace Digitek Limited and LPPL were exhibiting at Hall 1, Stall 4.
Nature of Agreement
The MoUs establish a framework for collaboration where LPPL will serve as a preferred Battery Energy Storage Systems (BESS) supply partner for both companies. The scope of supply includes:
- DC Blocks
- C&I BESS cabinets
- Residential BESS
- Power Conversion Systems (PCS)
- Energy Management Systems (EMS)
- Battery containers
- Engineering support
- Warranty services
- Lifecycle services
Commercial Terms
Project-specific commercial terms and supply arrangements will be governed by definitive agreements and purchase orders to be executed between the respective parties at a later stage.
Strategic Purpose
The collaborations are aimed at strengthening the supply of domestically manufactured BESS solutions for:
- Utility-scale applications
- Commercial & industrial (C&I) applications
- Other energy storage applications
The partnerships support Pace Digitek Limited's strategy of expanding its product-led energy storage business through strategic collaborations with EPC companies, renewable energy developers, and system integrators.
Management Commentary
Mr. Venugopal Rao Maddisetty, Chairman & Managing Director of Pace Digitek Limited, commented that India's energy storage market is entering a phase of accelerated growth, creating significant opportunities for technology-led and domestically manufactured solutions. He stated that these collaborations reinforce the company's commitment to expanding its product supply network and strengthening partnerships across the energy storage ecosystem.
Company Background
Pace Digitek Limited is an integrated infrastructure and energy solutions company operating across Energy and Telecom & ICT business segments. The company operates across the value chain spanning Manufacturing, Engineering, Procurement & Construction (EPC) and Operations & Maintenance (O&M) activities. In the energy segment, the company undertakes BESS design, manufacturing, integration and deployment through its subsidiary Lineage Power Private Limited.
Financial Impact
Financial impact not quantified in the disclosure. The MoUs represent framework agreements with specific commercial terms to be determined through future definitive agreements and purchase orders.