Pace Digitek shares jump 13% after subsidiary bags Rs 488 crore BESS order

Pace Digitek shares rallied as much as 13.2% to Rs 175.37 on the NSE during Tuesday’s trading session after the company announced that its material subsidiary, Lineage Power Private Limited (LPPL), secured a Rs 488.46 crore order from NTPC GE Power Services Private Limited (NGSL) for a Battery Energy Storage System (BESS) project at Barh Super Thermal Power Project (STPP), NTPC Stages I and II.

According to the company’s regulatory filing, the order covers the supply, testing, supervision of erection and commissioning of BESS containers, along with Battery Management Systems (BMS) and Energy Management Systems (EMS). The contract also includes five years of annual maintenance services and a seven-year extended warranty for the battery containers.

The project is scheduled to be completed by December 31, 2026.

The order comes as Pace Digitek continues to expand its presence across the battery energy storage system value chain, with LPPL being developed as a product-led BESS business spanning manufacturing, product supply, system integration and lifecycle support.

Pace Digitek said it operationalised 2.5 GWh of BESS manufacturing capacity in 2025, which has since been expanded to 5 GWh. The company plans to scale this further to 10 GWh by Q3 FY2027. So far, it has delivered BESS containers representing more than 1.5 GWh of capacity.

The company is also exploring opportunities in the commercial and industrial (C&I) segment, alongside its existing utility-scale BESS business, as demand from power-intensive users and commercial customers develops.
Commenting on the development, Venugopalrao Maddisetty, Chairman & Managing Director, Pace Digitek Limited, said: “This order is an important step in strengthening LPPL as a product-led BESS business. It brings together product supply, commissioning and long-term lifecycle support, enabling us to deepen our participation across the BESS value chain and strengthen our engagement with customers beyond manufacturing. As we scale our manufacturing capacity and strengthen localisation, integration and service capabilities, our focus is to build a broader Energy platform capable of serving utility-scale requirements as well as emerging C&I applications. We will continue to invest in the capabilities required to support customers across the lifecycle of energy-storage systems.”

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