Pace Digitek Limited, an integrated provider of energy solutions and telecom passive infrastructure in India, on Thursday, May 7, 2026, explained that,

The Company has received a Letter of Award from Damodar Valley Corporation (DVC), a domestic entity. Source: BSE.

Contract Information

According to the press release, Pace Digitek has secured BESS (Battery Energy Storage System) supply, erection, and long-term O&M (Operations and Maintenance) contracts from Damodar Valley Corporation.

The contract is for the implementation of a 250 MW/500 MWh Battery Energy Storage System project in Maithon, Jharkhand, India.

The scope of the contract includes design, engineering, manufacturing-linked supply, installation, testing, commissioning, and comprehensive O&M, along with associated civil, structural, and evacuation infrastructure works, the management added.

It also said the promoter or promoter group has no interest in the awarding entity.

Contract Value

The aggregate value of the aforesaid contract is ₹701.95 crore (including GST), comprising (Supply Contract of ₹574 Cr, EPC Services Contract of ₹57 Cr, and O&M Contract of ₹71 Cr).

Execution Period

The contract covers 18 months for supply and EPC execution, followed by 12 years of comprehensive Operations and Maintenance.

Exchange Compliance

The Company has filed these details in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pace Digitek Secures Damodar Valley Corporation BESS Contract

Total Energy Order Inflows

The company spokesperson said, This marks the first BESS order win for FY2027, building on the strong momentum achieved in FY2026, where the Company reported energy order inflows of ₹58,147 million, led by increasing traction in BESS and renewable-linked opportunities.

Refer to Pace digitek news today for more details.

Leadership View

Commenting on the latest development, Chairman & MD, Venugopal Rao Maddisetty said –

This order from DVC reinforces our position in utility-scale energy storage and the strength of our integrated model across manufacturing, EPC, and lifecycle services.

As energy storage becomes central to renewable integration, we are scaling a manufacturing-led platform aligned to project execution, enabling disciplined delivery, cost efficiency, and long-term asset performance.

We remain focused on expanding our presence in this high-growth segment.

With successive wins across leading utilities, Pace Digitek is scaling its BESS portfolio.

This order expands the Company’s BESS project portfolio to over 5 GWh, spanning utility-scale storage, renewable integration, and grid support applications.

This reinforces Pace Digitek’s position as a vertically integrated BESS player with strong execution and long-term service capabilities.

Company Overview & Others

Overview: Pace Digitek Limited (NSE: PACEDIGITK, BSE: 544550) is a multi-disciplinary solutions provider for the telecom infrastructure and energy solutions in India, operating across two business segments: Energy and Telecom & ICT. The Company came up with an IPO in September 2025.

Market Cap: Pace Digitek has a total market capitalization of ₹4,100 crore as of May 7, 2026, according to the NSE data.

Technical: The stock is well placed above its 20-, 50-, and 100-day simple moving averages (SMAs).

Price Performance: On a year-to-date basis, Pace Digitek’s share increased by 1% and by 1% over the last three-month period. However, the company’s shares have been trading 29% higher over the last month.

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Disclaimer: This article is purely for informational purposes. While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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