Pace Digitek’s subsidiary, Lineage Power, has partnered with MEGMEET Electrical India to supply power systems for AI data centres. This deal expands their five-year relationship into the growing AI infrastructure sector. Shares of Pace Digitek were trading 1.17% higher at ₹204.35 on the NSE.
Pace Digitek Limited has announced that its wholly-owned subsidiary, Lineage Power Private Limited (LPPL), has signed a strategic agreement with MEGMEET Electrical India Private Limited. The partnership focuses on the supply of specialized power systems designed for AI-driven data centres in India. Under the arrangement, MEGMEET will act as a key supplier of power hardware while also providing technical support, product upgrades, and after-sales services for these units.
Strategic Shift Toward AI Infrastructure
This agreement builds upon a five-year business relationship between the two companies, which previously focused on power solutions for the telecom industry. By integrating these new AI-focused power systems into its existing Battery Energy Storage Systems (BESS) portfolio, Pace Digitek is looking to capture demand from the rapidly expanding data centre market. The integration allows the company to leverage its current manufacturing and Engineering, Procurement, and Construction (EPC) infrastructure to serve new segments.
Market and Financial Context
Shares of Pace Digitek were trading at ₹204.35 on the National Stock Exchange (NSE) during mid-morning hours on July 20, 2026, marking a 1.17% increase from the previous close. The company currently holds a market capitalization of approximately ₹4,411 crore. Trading volume recorded for the session was around 5.05 lakh shares, representing a total traded value of ₹10.31 crore.
MEGMEET Electrical India is a subsidiary of a global industrial technology firm based in China, which has established operations in several international markets, including Germany and Thailand. Their focus remains on power electronics, automation, and e-mobility. For Pace Digitek, which manages a broad range of operations including maintenance and manufacturing for both energy and telecom sectors, this deal represents a diversification into higher-value power components.
Investor Monitorables
Investors may track how this integration affects the company’s profit margins, particularly as it moves into the competitive AI infrastructure space. While the partnership utilizes a proven five-year relationship, the actual financial impact will depend on the volume of future purchase orders and the company’s ability to successfully scale its BESS and data centre power offerings. Further updates on order sizes, project execution timelines, and the utilization of existing manufacturing capacity for these new products will be key factors for market participants to watch in upcoming quarterly disclosures.