Announced Tue, 21 Jul · 11:52 IST
Pace Digitek subsidiary sets up R&D center in Pune, partners with IISER Pune
Compliance View source PDF
PACEDIGITK · price
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Price reaction · full curve 14 horizons · vs prior close
-2.5%1-day move
₹203.00
prior close
₹202.48
base price
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AI summary
Material subsidiary Lineage Power has set up the Pace-Lineage Research Center in Pune to develop advanced battery technologies including Lithium-ion and Sodium-ion cells. It has also entered a research collaboration with IISER Pune to study battery materials, capacity, cycling stability and domestic supply chain. Move aligns with the Make in India push.
Likely market impact
Strengthens long-term R&D and innovation in battery storage; near-term financials limited but supports future energy storage growth story.