Pace Digitek Secures Rs 179.4 Crore Order for Battery Energy Storage System

Project Value: Rs 179.4 crore | Capacity: 57.5 MW / 115 MWh

Reader Takeaway: This major order strengthens Pace Digitek's energy infrastructure portfolio, though execution timelines remain the critical monitorable for investors.

What just happened

Pace Digitek Ltd has received a Letter of Intent from BSES Rajdhani Power Limited (BRPL) to execute a major Battery Energy Storage System (BESS) project. The contract, valued at Rs 179.4 crore, encompasses the entire lifecycle of the system—from design and supply to installation, commissioning, and long-term operation and maintenance. The project will be deployed across four grid stations under the management of BRPL.

Why this matters

This contract signals Pace Digitek’s growing capability in the renewable energy and power storage segment, a high-growth area in India's energy transition. The project is an arm's length transaction, with the company confirming that no promoter or group entities are involved. The scale of the 57.5 MW / 115 MWh capacity highlights the company's technical bandwidth to handle complex grid-scale energy projects.

Execution Timeline

The company is tasked with completing the project within 28 weeks from the 'Effective Date' of the BESS Agreement. Meeting this 28-week deadline will be crucial for the company to recognize revenue and demonstrate operational efficiency to its stakeholders.

What to track next

Investors should closely watch upcoming quarterly filings for updates on project mobilization, capital expenditure, and revenue recognition milestones. Monitoring the company’s ability to adhere to the strict 28-week installation schedule will be a primary indicator of project success.