Pace Digitek Limited has informed the Exchange about Bagging/Receiving of orders/contracts
PACEDIGITK · price
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Pace Digitek Limited has received a major contract worth Rs. 7,099.19 million (approximately Rs. 710 crore including GST) from NLC India Renewables Limited (NIRL). The contract involves design, engineering, supply, manufacturing, erection, testing and commissioning of a 250MW/500MWh Battery Energy Storage System (BESS) on turnkey basis at three locations in Tamil Nadu (Ottapidaram, Annupankulam and Kayathar). The project also includes 12 years of comprehensive Operation & Maintenance services. The completion deadline for commercial operation is 12 months from the Letter of Award. NIRL is a domestic entity with no related party connection to Pace Digitek.
This is a significant contract for Pace Digitek, representing a substantial order book addition for a company that recently converted from private to public limited status. The large BESS project in renewable energy demonstrates expanding capabilities in the energy storage sector, which could be positive for future revenue visibility.