Pace Digitek wins Rs 1,159.31 crore SECI battery storage order

Order Above 5pct RevenueBusiness Updates View source PDF Explain this filing

PACEDIGITK · price

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Price reactionminutes from the announcement price · days from the prior close

+2.0%Reaction day

₹219.50

prior close

₹218.55

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+2.4% vs market

Telecom - Infrastructure peers, median of 5sector-0.2%+2.2% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 2.2 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

+1.8

30m

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Sessions after the filingfrom the prior close

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Reaction day

+2.0-0.5+2.4-0.2+2.2

Next day

+4.3-0.8+5.1+1.1+3.2

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15d

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UpDownMarket · Nifty Microcap 250Sector · Telecom - Infrastructure peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Pace Digitek received a domestic Rs 1,159.31 crore order, including GST, from Solar Energy Corporation of India for a 600 MW/1,200 MWh battery energy storage system. It covers design, supply, testing, commissioning and 10 years of maintenance. From the contract start, supply is due in 11 months for 50% capacity and 13 months for full capacity. There is no promoter or related-party interest.

Likely market impact

Positive for revenue visibility, though earnings and cash flow will depend on timely execution, margins and collection of payments.