Pace Digitek bags Rs 179.4 Cr BESS order from BSES Rajdhani Power
PACEDIGITK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 1.7 pts more than its Telecom - Infrastructure peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Pace Digitek has received a Letter of Intent worth Rs 1,794 Million (about Rs 179.4 Crore) from BSES Rajdhani Power Limited for setting up Battery Energy Storage Systems. The project involves 57.5 MW/115 MWh capacity across four grid stations in Delhi, with commissioning targeted within 28 weeks. This is a domestic order with no related party involvement.
Positive: major new order boosts revenue visibility in the energy storage and power distribution space.