PACEDIGITK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pace Digitek Limited has announced receipt of multiple contracts worth Rs. 7,019.54 million (including GST) from Damodar Valley Corporation (DVC), a government-owned power corporation. The contracts are for a 250MW/500MWh Battery Energy Storage System project at Maithon, Jharkhand. The scope includes supply of plant and equipment (Rs. 5,737.28 million), EPC services for design, engineering, installation, testing and commissioning (Rs. 574.26 million), and a 12-year comprehensive operation and maintenance contract (Rs. 708.00 million). The supply and EPC work is to be completed within 18 months, with O&M running for 12 years.
This is a substantial contract that could significantly boost the company's revenue and order book. The deal also establishes Pace Digitek's presence in the utility-scale battery energy storage segment with a government counterparty.