Pace Digitek Limited has informed the Exchange regarding a press release dated May 07, 2026, titled "Intimation of Press Release for bagging/receipt of orders.".
PACEDIGITK · price
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Pace Digitek Limited has received a Letter of Award from Damodar Valley Corporation (DVC), a government utility, for a 250 MW / 500 MWh Battery Energy Storage System (BESS) project at Maithon, Jharkhand. The combined contract value is ₹7,020 million (including GST), covering supply, EPC execution, commissioning, and a 12-year O&M contract over 18 months. This is the company's first BESS order for FY2027, building on strong FY2026 energy order inflows of ₹58,147 million. The order expands Pace Digitek's BESS portfolio to over 5 GWh.
This is a substantial order win from a government utility, representing significant revenue visibility and reinforcing Pace Digitek's position in the utility-scale energy storage segment. The order value likely exceeds 5% of annual revenue, marking a positive development for shareholders.