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Pace Digitek Signs Exclusive OEM Deal with NEC XON for BESS Expansion in 5 African Nations
Pace Digitek Limited has entered into an exclusive Original Equipment Manufacturer (OEM) agreement with NEC XON Systems to market and distribute its Battery Energy Storage Systems (BESS). The partnership covers five key African markets: South Africa, Botswana, Mozambique, Namibia, and Mauritius. This strategic move allows Pace Digitek to leverage NEC XON's established regional infrastructure while focusing on its core manufacturing and product development capabilities. The collaboration aims to capture high-growth opportunities in grid-scale energy storage and renewable integration across the African continent.
Key Highlights
Exclusive OEM partnership for BESS distribution across 5 African territories: South Africa, Botswana, Mozambique, Namibia, and Mauritius.
NEC XON will serve as the go-to-market and deployment partner, while Pace Digitek focuses on manufacturing and supply.
The agreement marks Pace Digitek's formal entry into international markets through a scalable, partner-led model.
Targets high-growth demand for grid-scale energy storage and reliable power infrastructure in the African region.
Leverages the global network of NEC Corporation, which has a footprint spanning over 50 countries.
💼 Action for Investors
Investors should monitor the impact of this partnership on the company's order book and export revenue growth over the next few quarters. This expansion into the BESS segment in international markets significantly enhances the company's growth profile beyond its domestic telecom and energy operations.
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Pace Digitek Signs Exclusive OEM Agreement with NEC XON for 5 African Markets
Pace Digitek Limited has entered into an exclusive Original Equipment Manufacturer (OEM) agreement with NEC XON Systems Proprietary Limited. This partnership grants NEC XON exclusive rights to market, distribute, and sell the company's Battery Energy Storage Systems (BESS) and related energy solutions. The agreement covers five strategic territories: South Africa, Botswana, Mozambique, Namibia, and Mauritius. This move represents a significant international expansion for the company's energy storage business segment.
Key Highlights
Exclusive OEM agreement signed with NEC XON Systems Proprietary Limited on April 22, 2026.
Focuses on marketing and distribution of Battery Energy Storage Systems (BESS) and energy solutions.
Grants exclusive rights across South Africa, Botswana, Mozambique, Namibia, and Mauritius.
The partnership leverages an international entity to scale distribution in high-demand energy markets.
The agreement is executed at arm's length with no promoter or group company involvement.
💼 Action for Investors
Investors should view this as a positive step toward globalizing the company's BESS portfolio and should monitor future quarterly reports for revenue growth from these African territories.
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Pace Digitek Seeks Approval for ₹4,325 Cr Related Party Transaction with Lineage Power
Pace Digitek Limited has issued a postal ballot notice to seek shareholder approval for several material related party transactions (RPTs) for the financial year 2026-27. The most significant proposal involves a transaction limit of up to ₹4,325 crore with its material unlisted subsidiary, Lineage Power Private Limited. Approval is also sought for transactions with five other related entities, including Pace Ecoplanet Solace and Pace Renewable Energies. The e-voting period for these resolutions is set from April 24 to May 23, 2026.
Key Highlights
Proposed material RPT with Lineage Power Private Limited capped at ₹4,325 crore for FY 2026-27.
Shareholder approval sought for transactions with six different related entities via postal ballot.
E-voting period scheduled from April 24, 2026, to May 23, 2026, with results by May 26.
Transactions are stated to be at arm's length and in the ordinary course of business.
Cut-off date for eligibility to participate in the e-voting was April 21, 2026.
💼 Action for Investors
Investors should review the explanatory statement to ensure the terms of these high-value transactions are fair and do not disadvantage minority shareholders. Monitor the voting results on May 26 to gauge shareholder confidence in management's related-party dealings.
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Pace Digitek to Seek Approval for Material Related Party Transactions; Appoints Senior Management
Pace Digitek Limited has announced several key governance and leadership updates following its board meeting on April 22, 2026. The company is seeking shareholder approval via postal ballot for material related party transactions with six different entities, including Pace Renewable Energies and Lanarsy Infra. To strengthen its energy business vertical, the board designated Himanshu Goyal and Nishant Raj as Senior Management Personnel, bringing 12 and 15 years of industry experience respectively. Additionally, M/s. K. S Kamalakara & Co has been re-appointed as the Cost Auditor for the 2026-27 fiscal year.
Key Highlights
Authorized postal ballot for material related party transactions with 6 entities including Lineage Power and Lanarsy Infra.
Designated Himanshu Goyal (12 years experience) and Nishant Raj (15 years experience) as Senior Management Personnel.
Re-appointed M/s. K. S Kamalakara & Co as Cost Auditors for the Financial Year 2026-27.
The new management appointments focus specifically on Energy Projects, Operations, and Commercial Strategy.
💼 Action for Investors
Investors should closely examine the upcoming postal ballot notice to understand the scale and terms of the material related party transactions. The addition of experienced leadership in the energy segment is a positive step for project execution and business development.
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Pace Digitek Secures ₹64,597 Million Orders in FY26; Energy Segment Drives 90% of Growth
Pace Digitek reported a massive order inflow of ₹64,597 million for FY2026, with the energy business emerging as the primary growth engine. The energy segment contributed ₹58,147 million, driven by Battery Energy Storage Systems (BESS) and renewable projects. Notably, 42% of energy orders are Build Own Operate (BOO) contracts, which provide long-term annuity-linked revenue. The telecom segment remains stable, contributing ₹6,450 million through O&M and infrastructure projects for major clients like BSNL and Indian Railways.
Key Highlights
Total FY26 order inflows reached ₹64,597 million, providing multi-year execution visibility.
Energy segment dominated with ₹58,147 million, focusing on BESS and renewable energy transitions.
BOO contracts worth ₹24,550 million (42% of energy mix) ensure long-term cash flow visibility.
EPC contracts worth ₹30,484 million (52% of energy mix) offer strong near-to-mid-term execution visibility.
Diversified client base includes major public entities like NTPC, SECI, KPTCL, and Indian Railways.
💼 Action for Investors
Investors should view this as a strong growth signal, particularly the strategic shift towards high-margin BESS and BOO projects. Monitor the company's execution efficiency and margin profile as these large-scale energy projects move into the implementation phase.
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Pace Digitek Deploys 178 BESS Units; Reaches Milestone 6 Months After 2.5 GWh Plant Launch
Pace Digitek's subsidiary, Lineage Power, has successfully deployed 178 containerized Battery Energy Storage System (BESS) units as of March 31, 2026. This achievement follows the October 2025 operationalization of its 2.5 GWh manufacturing facility, marking a rapid scale-up in just six months. The company now offers integrated solutions including cell-to-container design, power electronics, and energy management systems. These systems are being utilized in utility-scale projects for both government agencies and private sector clients, strengthening the company's position in the renewable energy value chain.
Key Highlights
Deployed 178 containerized BESS units as of March 31, 2026
Operationalized ~2.5 GWh BESS manufacturing capacity in October 2025
Reached production milestone within six months of facility operationalization
Executing projects for central and state agencies and private sector customers
Integrated capabilities across cell-to-container design and power electronics
💼 Action for Investors
Investors should view this as a strong validation of the company's execution capabilities in the energy storage segment. Watch for the impact of these deployments on the top-line growth in the next few earnings cycles.
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Pace Digitek Bags Rs 4,945.4 Million BESS Order from NTPC Limited
Pace Digitek Limited has secured a major contract worth Rs 4,945.4 million (excluding GST) from NTPC Limited for the implementation of a Battery Energy Storage System (BESS). The project, located at the Nabinagar Super Thermal Power Station, involves an EPC package including supply and services to be completed within 15 months. Furthermore, the contract includes a long-term commitment for comprehensive annual maintenance spanning 11 years. This win significantly strengthens the company's order book and its position in the renewable energy storage infrastructure sector.
Key Highlights
Total order value stands at Rs 4,945.4 million (approx. Rs 494.5 crore) excluding GST.
Contract awarded by NTPC Limited for BESS implementation at Nabinagar Super Thermal Power Station.
Execution timeline for supply and services is 15 months, providing near-term revenue visibility.
Includes a long-term Comprehensive Annual Maintenance (CAM) contract for 11 years.
Scope covers design, supply, installation, commissioning, and conducting guarantee tests.
💼 Action for Investors
This is a significant order for a company of this scale, providing both immediate execution revenue and long-term service income. Investors should monitor the company's ability to execute this large-scale BESS project within the 15-month timeframe and its impact on operating margins.
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Pace Digitek Bags Rs 226.42 Million Order from North Western Railway for KAVACH Project
Pace Digitek Limited has secured a significant domestic contract worth Rs. 226.42 million from North Western Railway. The project involves providing Lattice Towers for UHF/LTE and KAVACH safety systems across the Jodhpur division, spanning 996.24 KM. The execution period for this contract is 18 months from the date of the Letter of Acceptance. This win reinforces the company's role in the Indian Railways' modernization and safety infrastructure rollout.
Key Highlights
Total order value of Rs. 226.42 million including GST
Project involves Lattice Towers for UHF/LTE and KAVACH work over 996.24 KM
Execution timeline of 18 months from the date of Letter of Acceptance
Contract awarded by North Western Railway, a domestic government entity
No promoter or group interest involved in the awarding entity
💼 Action for Investors
Investors should monitor the company's execution efficiency over the 18-month period as this order provides healthy revenue visibility. The involvement in the KAVACH project positions the company well for future railway safety infrastructure tenders.
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Pace Digitek Subsidiary Bags ₹1,587.1 Million Order from Reliance Industries
Pace Digitek's material subsidiary, Lineage Power, has secured a significant purchase order worth ₹1,587.10 million from Reliance Industries Limited. The contract involves the supply of 50,000 high-capacity lithium-ion battery packs specifically designed for telecom backup support. This order strengthens the company's position in the energy infrastructure segment and contributes to its massive consolidated order book of ₹104,906 million. The move highlights a strategic shift towards product-led revenue alongside their existing EPC and infrastructure projects.
Key Highlights
Received a purchase order worth ₹1,587.10 million (including GST) from Reliance Industries Limited.
Order involves the supply of 50,000 units of 48V 15S1P 314AH Lithium-Ion battery packs.
Consolidated order book of Pace Digitek Limited now stands at approximately ₹104,906 million.
The order will be executed by material subsidiary Lineage Power Pvt Ltd, focusing on advanced power management solutions.
💼 Action for Investors
Investors should take note of the company's ability to secure high-volume orders from blue-chip clients like Reliance, which validates its manufacturing scale. The massive order book provides strong revenue visibility for the coming quarters.
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Pace Digitek Subsidiary Bags ₹1,587.10 Million Order from Reliance Industries
Pace Digitek Limited's material subsidiary, Lineage Power Private Limited, has secured a significant purchase order from Reliance Industries Limited. The contract is valued at ₹1,587.10 million (including GST) for the supply of Li-ion battery packs. The order is scheduled to be fully executed by August 31, 2026, providing strong revenue visibility for the upcoming fiscal periods. This win from a major domestic conglomerate underscores the company's competitive positioning in the energy storage and battery technology space.
Key Highlights
Order worth ₹1,587.10 million (including GST) awarded to material subsidiary Lineage Power Private Limited.
Contract involves the supply of Li-ion 48V 15S1P 314 AH battery packs to Reliance Industries Limited.
Execution timeline is set for completion by August 31, 2026.
The order is from a domestic entity and does not involve any related party transactions.
💼 Action for Investors
Investors should monitor the company's execution capabilities and the impact of this large-scale order on its profit margins. The association with a Tier-1 client like Reliance is a strong positive signal for future business development.
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Pace Digitek Bags ₹891 Million Order from RailTel for Railway Surveillance Systems
Pace Digitek Limited has secured an Advance Letter of Authorization from RailTel worth ₹890.69 million for IP-based Video Surveillance Systems in LHB coaches. This marks the company's strategic entry into the railway rolling stock surveillance segment, expanding its ICT infrastructure footprint. The project includes supply, installation, and a 5-year maintenance contract, ensuring long-term revenue visibility. Following this win, the company's total order book stands at a robust ₹103,319 million across Telecom and Energy sectors.
Key Highlights
Order valued at ₹890.69 million for IP-based Video Surveillance Systems (VSS) in LHB coaches.
First order in the railway sector, diversifying the company's ICT and Telecom portfolio.
Total order book reaches ₹103,319 million, with ₹25,527 million specifically in Telecom & ICT.
Contract includes a 3-year warranty and a 5-year Comprehensive Annual Maintenance Contract (CAMC).
💼 Action for Investors
This entry into the railway sector is a positive growth catalyst; investors should monitor the company's ability to secure larger contracts in this high-margin segment.
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Pace Digitek Secures Rs 890.69 Million Order from RailTel for Video Surveillance
Pace Digitek Limited has received an Advance Letter of Award from RailTel Corporation of India Limited for a project valued at Rs 890.69 million. The contract entails the supply, installation, and commissioning of IP-based video surveillance systems in LHB coaches. The project is scheduled for completion within 8 months, followed by a 3-year warranty and a 5-year maintenance period. This domestic order highlights the company's growing footprint in the railway technology sector.
Key Highlights
Total contract value is Rs 890.69 million including GST
Awarded by RailTel Corporation of India Limited for LHB coach surveillance
Execution timeline is strictly set at 8 months from the Letter of Award
Contract includes a long-term 5-year Comprehensive Annual Maintenance Contract (CAMC)
💼 Action for Investors
This is a positive development for the company's order book and revenue visibility. Investors should track the timely execution of the project and its impact on margins in upcoming quarters.
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Pace Digitek Subsidiary Bags USD 1.35 Million International Order for BESS Units
Pace Digitek Limited's material subsidiary, Lineage Power Private Limited, has secured a significant international order from Yaqin Chem valued at USD 1,346,210. The contract involves the supply of four Mobile Battery Energy Storage Systems (BESS) mounted on Gooseneck Trailers. Specifically, the order consists of two 1200 KWH units and two 2500 KWH units, all with 200 KW power capacity. The project is slated for completion by April 2026, providing clear short-term revenue visibility for the company.
Key Highlights
Total order value stands at USD 1,346,210 from international client Yaqin Chem.
Order involves 4 units of Mobile Battery Energy Storage Systems (BESS) with capacities up to 2500 KWH.
Execution timeline is tight, with delivery scheduled to be completed by April 2026.
The contract is awarded to Lineage Power Private Limited, a material subsidiary of Pace Digitek.
💼 Action for Investors
Investors should view this as a positive development for Pace Digitek's energy storage business and monitor the subsidiary's ability to scale international operations. The short execution cycle suggests immediate impact on the upcoming fiscal year's performance.
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Pace Digitek Secures Rs. 17,750 Million Solar + BESS Project; Order Book Crosses Rs. 100 Billion
Pace Digitek Limited has secured a massive Rs. 17,750 million order from KREDL for a 250 MW Solar and 1.1 GWh Battery Energy Storage System (BESS) project in Karnataka. This win pushes the company's total consolidated order book to over Rs. 102,428 million, with the energy segment contributing nearly 76% of the total. The project features an interim tariff of Rs. 5.51 per unit and is expected to be completed within 18 months. This contract significantly strengthens the company's position in the high-growth BESS market, where its total portfolio now exceeds 5 GWh.
Key Highlights
Secured a Letter of Award worth Rs. 17,750 million for a 250 MW Solar + 1.1 GWh BESS project
Total consolidated order book reaches Rs. 102,428 million, with Rs. 77,792 million in the Energy segment
Project timeline for Commercial Operation Date (COD) is 18 months from PPA signing
Interim tariff set at Rs. 5.51 per unit with Viability Gap Funding (VGF) for a 25-year tenure
Total BESS order book portfolio now exceeds 5 GWh, highlighting leadership in energy storage
💼 Action for Investors
Investors should view this as a strong growth signal, given the massive order book visibility and the company's focus on the high-margin BESS segment. Monitor the execution timeline over the next 18 months to ensure project milestones are met.
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Pace Digitek Secures Rs 17,750 Million Solar and BESS Project from KREDL
Pace Digitek Limited has been awarded a major contract by Karnataka Renewable Energy Development Limited (KREDL) valued at approximately Rs 17,750 million. The project entails the development of a 250 MWAC Solar PV plant along with a 250 MW/1100 MWh Battery Energy Storage System (BESS) at Pavagada Solar Park. The project is to be executed within 18 months of signing the PPA and includes a 25-year operation period. The power will be supplied at a tariff of Rs 5.51 per unit, ensuring long-term revenue stability.
Key Highlights
Total project cost estimated at Rs 17,750 million including GST
Includes 250 MWAC Solar PV and 250 MW/1100 MWh Battery Energy Storage System
Execution timeline of 18 months from PPA signing
Tariff fixed at Rs 5.51 per unit for a 25-year operational period
💼 Action for Investors
This massive order provides significant revenue visibility and marks a major milestone in the company's growth in the renewable energy sector. Investors should monitor the company's execution progress over the next 18 months and the subsequent impact on its balance sheet.
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Pace Digitek Q3 FY26: PAT Up 11.3% YoY to ₹788 Mn; Order Book Reaches ₹84,678 Mn
Pace Digitek reported a steady Q3 FY26 with revenue growing 13.5% YoY to ₹6,440 million and PAT increasing 11.3% YoY to ₹788 million. While EBITDA margins contracted to 18.3% from 21.4% YoY due to inter-company profit eliminations, the company saw strong sequential revenue growth of 20.7%. The order book remains robust at ₹84,678 million, providing multi-year revenue visibility. Furthermore, the company is aggressively expanding its BESS manufacturing capacity, targeting 10 GWh by Q4 FY2027.
Key Highlights
Revenue from operations grew 13.5% YoY to ₹6,440 million in Q3 FY26.
Profit After Tax (PAT) increased by 11.3% YoY to ₹788 million with a 12.2% margin.
Total order book stands at a significant ₹84,678 million as of January 31, 2026.
Secured new order inflows of ₹31,287 million post-Q2 FY26 across Energy and Telecom segments.
BESS manufacturing capacity expansion to 10 GWh is on track, with 2.5 GWh addition expected by Q4 FY26.
💼 Action for Investors
Investors should take note of the massive order book which provides high revenue visibility; the key will be the timely execution of BESS capacity expansions. Monitor if the EBITDA margins recover as the company scales its backward integration initiatives.
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Pace Digitek Q3 Revenue Up 13.5% YoY to ₹6,440 Mn; Order Book Hits ₹84,678 Mn
Pace Digitek Limited reported a strong Q3 FY2026 with consolidated revenue rising 13.5% YoY to ₹6,440 Mn and Profit After Tax (PAT) increasing 11.3% to ₹788 Mn. The company's total order book has reached a significant ₹84,678 Mn as of January 31, 2026, supported by ₹31,287 Mn in new order wins post-Q2. The Energy vertical is emerging as a primary driver, holding ₹60,042 Mn of the order book, with a strategic shift toward high-value Build-Own-Operate (BOO) projects. Additionally, the company is aggressively expanding its BESS manufacturing capacity from 2.5 GWh to 10 GWh to capitalize on India's energy transition.
Key Highlights
Consolidated revenue grew 13.5% YoY to ₹6,440 Mn; Standalone PAT surged 39.1% YoY to ₹933 Mn.
Total order book stands at ₹84,678 Mn, with the Energy vertical contributing ₹60,042 Mn (71% of total).
Secured major BOO projects from MSEDCL (₹18,500 Mn) and SECI (₹7,000 Mn) for BESS and Solar.
BESS manufacturing capacity expansion from 2.5 GWh to 10 GWh is currently in progress at the Bidadi facility.
Operational milestones include 1,891 km of OFC deployed and 428 new telecom towers erected in Q3 FY26.
💼 Action for Investors
Investors should focus on the company's successful pivot into the high-growth BESS and renewable energy sectors, backed by a massive order book. Monitor the execution timelines of the BOO projects and the commissioning of the 10 GWh manufacturing capacity as these will be the primary catalysts for future margin expansion.
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Pace Digitek Q3 FY26 Revenue Jumps 83% YoY to ₹81.44 Cr; PAT Declines to ₹3.27 Cr
Pace Digitek Limited reported a strong top-line performance for Q3 FY26, with revenue from operations surging 83% year-on-year to ₹81.44 crore. However, net profit for the quarter faced pressure, declining to ₹3.27 crore from ₹5.08 crore in the same period last year, primarily due to a significant rise in operational expenses and finance costs. For the nine-month period ended December 31, 2025, the company maintained a steady PAT of ₹12.42 crore. The results highlight a period of rapid scale-up in operations but with compressed margins.
Key Highlights
Revenue from operations grew 83% YoY to ₹81.44 crore in Q3 FY26.
Net Profit (PAT) for the quarter fell 35.5% YoY to ₹3.27 crore.
Total expenses for the quarter increased to ₹77.03 crore compared to ₹37.73 crore in Q3 FY25.
Nine-month revenue reached ₹231.00 crore, a significant jump from ₹133.33 crore in the previous year.
Basic and Diluted EPS for the quarter stood at ₹0.73, down from ₹1.25 in the preceding quarter.
💼 Action for Investors
While the massive revenue growth indicates strong market demand and expansion, the decline in profitability is a concern. Investors should monitor the company's ability to manage rising procurement and finance costs in upcoming quarters.
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Pace Digitek Subsidiary Bags ₹94.35 Crore Order from BSNL for Li-Ion Battery Solutions
Pace Digitek's material subsidiary, Lineage Power Private Limited, has secured a significant Advance Purchase Order worth ₹94.35 crore from BSNL. The contract involves the supply and maintenance of 25,000 Li-Ion battery modules and 2,500 racks to modernize BSNL's power infrastructure. The project is slated for execution within a tight timeline of five months, providing strong revenue visibility for the current fiscal year. Additionally, the inclusion of a 5-year warranty and a subsequent 5-year AMC ensures long-term service revenue and customer engagement.
Key Highlights
Total contract value of ₹94.35 crore for supply, installation, and maintenance of battery solutions
Scope includes 25,000 Li-Ion modules (100AH/48V) and 2,500 weather-resistant IP55 racks
Execution timeline is set within 5 months from the receipt of the purchase order
Includes a 5-year warranty followed by an optional 5-year Annual Maintenance Contract (AMC)
Technology features smart BMS registered on the Trusted Telecom Portal, complying with TEC GR standards
💼 Action for Investors
This order win validates the company's competitive position in the telecom infrastructure space and provides a significant boost to the near-term order book. Investors should monitor the company's execution efficiency within the 5-month window to ensure revenue realization.
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Pace Digitek Subsidiary Bags ₹94.35 Crore Order from BSNL for Li-ion Batteries
Pace Digitek's material subsidiary, Lineage Power Private Limited, has secured a significant Advance Purchase Order worth ₹94.35 crore from BSNL. The contract involves the supply of 25,000 Li-ion battery modules and 2,500 IP55 racks, along with a 5-year Annual Maintenance Contract. The execution timeline is tight, set at just 5 months from the receipt of the purchase order. This order strengthens the company's position in the telecom infrastructure and energy storage segment.
Key Highlights
Total order value is ₹94.35 crore (including GST) awarded by BSNL to subsidiary Lineage Power.
Scope includes 25,000 Li-ion Battery Modules (100 AH/48V) and 2,500 IP55 racks.
Includes a 5-year AMC following an initial 5-year warranty period for the battery modules.
The contract is scheduled for execution within a 5-month timeframe from the purchase order date.
💼 Action for Investors
Investors should monitor the company's execution efficiency over the next two quarters to ensure the 5-month deadline is met. Successful delivery could position the company for larger contracts in BSNL's ongoing network modernization.