PACEDIGITKNSEPace Digitek LimitedMediumPositive
Announced Mon, 18 May · 11:46 IST

Pace Digitek Limited has informed the Exchange regarding a press release dated May 18, 2026, titled "Press release for receipt of order".

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PACEDIGITK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹179.00
prior close
₹178.42
base price
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AI summary

Pace Digitek Limited has secured a major Battery Energy Storage System (BESS) contract worth ₹7,099 million from NLC India Renewables Limited (a government CPSE). The project involves EPC execution and 12-year O&M services for a 250 MW / 500 MWh BESS project at multiple locations in Tamil Nadu (Ottapidaram, Anuppankulam, Kayathar). This is the company's second BESS order win for FY2027, with YTD Energy segment order wins at ₹14,119 million. Cumulative Energy segment order wins now stand at ₹97,869 million. The project expands the company's cumulative BESS portfolio to over 5 GWh.

Likely market impact

This is a significant order win representing the second BESS contract for FY2027, indicating strong momentum in the energy storage segment. The combination of EPC and long-term O&M services provides revenue visibility over 12+ years. The substantial order value and government-linked customer strengthen the company's order book and execution credentials in the utility-scale BESS segment.