Pace Digitek has secured a 12-year battery storage project from BSES Rajdhani Power worth ₹179.4 crore. The contract ensures ₹27.1 crore in annual revenue. While the company is aggressively expanding its order book, investors should monitor its financial challenges, including high debtor days and negative operating cash flow, alongside its upcoming plan to raise funds via NCDs.
Pace Digitek Limited has won a fresh contract from BSES Rajdhani Power Limited to develop a standalone battery energy storage system in Delhi. The project is valued at ₹179.4 crore and follows a 12-year Build, Own, Operate and Transfer model. Under this agreement, the company will receive a fixed capacity tariff of ₹47.05 lakh per MW annually, which is expected to secure a steady revenue of ₹27.1 crore every year for the duration of the contract.
This order adds to the company’s growing presence in the energy storage sector. Pace Digitek has been actively building its utility-scale portfolio, which includes a recent ₹488.6 crore order from NTPC GE Power Services. As of May 2026, the company reported an executable order book exceeding ₹11,300 crore. To support this growth, the company expanded its manufacturing capacity to 5 GWh in August 2026 and has set an internal target to reach 10 GWh by the end of this year.
Despite the consistent inflow of large orders, the company faces financial pressures that shareholders often track. A primary area of concern is the time taken to collect payments from clients. The company’s debtor days—a measure of how long it takes to convert sales into cash—have exceeded 280 days. This slow payment collection has contributed to negative operating cash flow, suggesting that profits reported on paper are not fully translating into available cash for operations.
Looking ahead, investors may watch how the company balances its expansion plans with these cash flow constraints. The board of directors is scheduled to meet on October 12, 2026, to discuss raising funds through the issuance of Non-Convertible Debentures. While this move could provide the necessary liquidity to fund ongoing projects, it will also increase the company’s debt obligations. On October 8, 2026, the company's shares closed at ₹162, reflecting a mix of optimism regarding its order pipeline and caution regarding its financial health in the face of broader market volatility.