Date: October 08, 2026
Order Details
Pace Digitek Limited has received a Letter of Intent (LOI) from BSES Rajdhani Power Limited (BRPL) aggregating to Rs. 1,794 Million (Rs. 179.4 crore) for design, supply, testing, installation, commissioning, operation and maintenance of Battery Energy Storage System (BESS) with an aggregate contracted capacity of 57.5 MW/115 MWh at four grid station locations of BRPL for on demand basis operation.
Project Structure and Financials
The project will be developed under a 12-year Build, Own, Operate and Transfer (BOOT) model with a project capital outlay of around Rs. 179.4 crore. Under the long-term Battery Energy Storage Service Agreement (BESSA), Pace Digitek will receive a fixed capacity tariff of Rs. 47.05 lakh per MW per year, translating into annual contracted capacity revenue of Rs. 27.1 crore. The project is scheduled to be executed within seven months.
Strategic Significance and Portfolio Impact
This award marks Pace Digitek's fifth major utility-scale BOO/BOOT storage project. With this addition, the Company's utility-scale BOO/BOOT portfolio has increased to 3.32 GWh. The total executable order book now exceeds Rs. 11,500 crore. This project adds to recent BESS wins including the Rs. 488.6 crore order from NTPC GE Power Services Private Limited (NGSL) for supply of standalone BESS along with AMC and warranty services, secured in September 2026.
Business Model and Capabilities
Pace Digitek has been building capabilities across the entire energy storage value chain, spanning BESS manufacturing, system integration, equipment supply, EPC execution and long-term ownership and operation of storage assets. The Company's Energy order book comprises a diversified portfolio of BOO, EPC and supply projects. Since the end of Q1 FY2027, the Pace Digitek Group has secured Rs. 761 crore of additional orders across products and projects.
Management Commentary
Mr. Venugopalrao Maddisetty, Chairman & Managing Director, stated: "The BSES award is another important milestone in the development of our Energy business and marks our fifth utility-scale BOO/BOOT storage project. It reinforces the capabilities we have built across BESS manufacturing, project execution and long-term asset operations. Our recent wins demonstrate the breadth of our participation across the BESS value chain from supplying storage systems and providing lifecycle services to developing and operating long-term contracted storage assets."
Market Context
India's growing renewable energy capacity, rising peak-power requirements and increasing need for grid flexibility are driving structural demand for utility-scale energy storage. The company intends to build on its manufacturing and execution capabilities and selectively expand its presence across this opportunity.
Company Background
Pace Digitek Limited is an integrated infrastructure and energy solutions company operating across Energy and Telecom & ICT business segments. In the energy segment, the Company undertakes BESS design, manufacturing, system integration and deployment. Through subsidiary Lineage Power Private Limited, the Company manufactures energy storage systems and related power infrastructure products.