Pace Digitek Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding a significant contract award received by its material subsidiary.
Contract Details
- Value: ₹4,884.61 million (inclusive of taxes)
- Counterparty: NTPC GE Power Services Private Limited (NGSL)
- Project: BESS Project at Barh STPP (NTPC Stages I & II)
- Scope: Supply, Delivery, Testing and Supervision of Erection, Testing & Commissioning of 5.015 MWh BESS Containers along with Battery Management Systems (BMS) and Energy Management Systems (EMS)
- Additional Services: Comprehensive Maintenance Contract for 12 years (including 5 years of Annual Maintenance Services and 7-year extended warranty for battery containers)
Timeline
The order is scheduled to be completed by December 31, 2026.
Strategic Context
This order represents Pace Digitek's strategy to build a scaled and integrated Energy platform, with LPPL being developed as a product-led BESS business spanning manufacturing, product supply, system integration and lifecycle support.
Manufacturing Capacity Update
The company has operationalized 2.5 GWh of BESS manufacturing capacity in 2025, expanded to 5 GWh, and plans to further scale capacity towards 10 GWh by Q3 FY2027. The company has delivered BESS containers representing more than 1.5 GWh of capacity to date.
Business Expansion Focus
The company is focused on strengthening localization, integration and service capabilities to serve a broader range of customer requirements. The company also sees Commercial & Industrial (C&I) applications as an emerging opportunity alongside its core utility-scale BESS business.
Management Commentary
Mr. Venugopalrao Maddisetty, Chairman & Managing Director, stated that this order strengthens LPPL as a product-led BESS business and enables deeper participation across the BESS value chain. The company will continue to invest in capabilities to support customers across the lifecycle of energy-storage systems.