Press release for receipt of order
PACEDIGITK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pace Digitek Limited has received a Letter of Award from Damodar Valley Corporation (DVC) 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 services, and 12-year comprehensive O&M. The execution period is 18 months for supply and EPC, followed by 12 years of O&M. This is the company's first BESS order for FY2027, building on FY2026 energy order inflows of ₹58,147 million. The order expands Pace Digitek's BESS project portfolio to over 5 GWh.
This is a major order win worth over ₹7,000 million from a government utility (DVC), significantly boosting the company's order book and reinforcing its position in the utility-scale energy storage segment. The long-term O&M contract also provides recurring revenue visibility for 12 years.