Pace Digitek received multiple contracts totaling ₹7,019.54 million from Damodar Valley Corporation for a 250MW/500MWh Battery Energy Storage System project.
The contracts include supply of plant equipment, EPC services for design and commissioning, and 12-year comprehensive operation and maintenance.
The supply and EPC scope must be executed within 18 months from the Letter of Award, with O&M services for 12 years.
This is a domestic order and does not constitute a related party transaction as per the company's disclosure.