Press release for receipt of order

Order Above 5pct RevenueBusiness Updates View source PDF

PACEDIGITK · price

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-0.8%1-day move

₹179.00

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₹176.25

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AI summary

Pace Digitek Limited has received a Letter of Award from NLC India Renewables Limited (a government CPSE) for a Battery Energy Storage System project worth ₹7,099 million. The contract covers a 250 MW / 500 MWh BESS project in Tamil Nadu at locations Ottapidaram, Anuppankulam and Kayathar. The scope includes EPC execution (excluding power transformers) and a 12-year Operations & Maintenance service. This is the company's second BESS order win for FY2027, with YTD Energy segment order wins reaching ₹14,119 million and cumulative Energy segment orders at ₹97,869 million. The project will be executed within 12 months followed by 12 years of O&M.

Likely market impact

This large BESS order from a government-linked company reinforces Pace Digitek's position in the utility-scale energy storage segment and provides revenue visibility through both EPC execution and long-term O&M services. The order expands the company's cumulative BESS portfolio to over 5 GWh.