Pace Digitek adds ₹488.46 crore BESS order from NTPC as manufacturing capacity hits 5 GWh (NSE: PACEDIGITK)
On 21 September 2026, Pace Digitek (NSE: PACEDIGITK, BSE: 544550) disclosed through a BSE filing that its material subsidiary Lineage Power Private Limited had received a Letter of Award worth ₹488.46 crore (inclusive of taxes) from NTPC GE Power Services Private Limited. The order covers supply, testing, and supervision of erection and commissioning of 5.015 MWh Battery Energy Storage System (BESS) containers, along with a battery management system, energy management system, and a 12‑year comprehensive maintenance contract. Execution must be completed by 31 December 2026, as stated in the award letter.
On 21 September 2026, Pace Digitek (NSE: PACEDIGITK, BSE: 544550) disclosed through a BSE filing that its material subsidiary Lineage Power Private Limited had received a Letter of Award worth ₹488.46 crore (inclusive of taxes) from NTPC GE Power Services Private Limited. The order covers supply, testing, and supervision of erection and commissioning of 5.015 MWh Battery Energy Storage System (BESS) containers, along with a battery management system, energy management system, and a 12‑year comprehensive maintenance contract. Execution must be completed by 31 December 2026, as stated in the award letter.
The filing is the latest in a series of BESS order wins recorded since July 2026. It arrived just weeks after the company doubled its installed manufacturing capacity from 2.5 GWh to 5 GWh and began converting earlier memoranda of understanding into quantified awards.
From MoUs to hard orders in three months
Lineage Power signed three memoranda of understanding in July 2026, none of which carried a disclosed financial value:
- 9 July 2026: MoU with Onward Solar Power Private Limited and Kalpa Power Private Limited for supply of BESS including DC blocks, C&I cabinets, residential BESS, power conversion systems, energy management systems, and battery containers (BSE filing, 9 July 2026).
- 10 July 2026: MoU with Bondada Renewable Energy Private Limited for the same product range (BSE filing, 10 July 2026).
- 13 July 2026: A further strategic MoU with Bondada Renewable Energy at India Energy Storage Week 2026 (BSE filing, 13 July 2026).
The first order with a stated value came on 24 August 2026: Lineage Power received a Letter of Award from Kalpa Power for ₹92.9 crore (including GST) covering supply and commissioning support for a 100 MWh BESS, with completion also scheduled for 31 December 2026 (BSE filing, 24 August 2026).
The NTPC GE Power award disclosed on 21 September is materially larger and includes a 12‑year maintenance obligation.
Manufacturing capacity doubles to 5 GWh
In its first‑ever investor conference call on 26 May 2026 (transcript filed with the exchange), Pace Digitek’s management said the 5 GWh BESS manufacturing facility was expected to be operational from July 2026 onward.
On 4 August 2026, the company filed with BSE that Lineage Power had commissioned an additional 2.5 GWh BESS manufacturing line, taking the group’s total installed capacity to 5 GWh (BSE filing, 4 August 2026). Separately, a sales update filed on 28 July 2026 noted that Lineage Power had manufactured 300 utility‑scale BESS containers — equivalent to roughly 1.5 GWh of storage capacity — and was setting up an in‑house container fabrication plant.
Board approves 10 GWh target and corporate restructuring
A board meeting on 20 June 2026 (BSE filing, 20 June 2026) approved several proposals:
- BESS manufacturing capacity expansion by a further 7.5 GWh to reach 10 GWh, with an investment of approximately ₹200 crore.
- Acquisition of the remaining 49 % equity stake in Inso Pace Private Limited, making it a wholly owned subsidiary.
- Establishment of a research centre in Pune.
- Adoption of the Pace Digitek Employee Stock Option Plan 2026 (up to 2,000,000 shares).
- Formation of a new wholly owned subsidiary and re‑appointment of internal auditors.
On 21 August 2026, the company filed that it had completed the Inso Pace acquisition and incorporated a new wholly owned subsidiary, TransgreenX Asset Holdco Private Limited, for renewable energy project development (BSE filing, 21 August 2026).
Revenue mix tilts toward energy; margins in focus
Q1FY27 results, published on 5 August 2026, reported consolidated revenue of ₹555.36 crore — up 51.3 % year‑on‑year. PAT stood at ₹61.32 crore (+13.2 % YoY). Earnings per share fell 6.3 % year‑on‑year to ₹2.84, reflecting dilution from the expanded share base. The results filing also noted that other income constituted 34.7 % of profit before tax.
At the date of those results, the group’s order book was ₹10,803 crore. An earlier investor presentation filed on 22 June 2026 had quoted an order book of ₹11,338 crore.
Management has been explicit about the changing composition of revenue. In the Q4FY26 concall (26 May 2026) and in subsequent commentary, executives stated that energy now accounts for roughly 78 % of the order book. Because energy projects carry lower EBITDA margins than the legacy telecom infrastructure work, the company guided that PAT margins may moderate to 10–11 % in FY27 (source: management commentary in Q4FY26 concall transcript, 26 May 2026). The company also expects build‑own‑operate (BOO) projects to contribute 20–25 % of FY27 revenue.
Revenue guidance was disclosed at two points: the Q4FY26 concall provided an FY27 revenue range of ₹3,200–3,400 crore; the June 2026 investor presentation carried an FY27‑28 range of ₹3,200–4,200 crore.
What the filings flag as next steps
The filings provide several target periods that an attentive reader can track:
- Execution of the Kalpa Power order (₹92.9 crore) and the NTPC GE Power order (₹488.46 crore) by
The filing evidence
| Date | What the filing said | Detail | Source |
|---|---|---|---|
| 9 Jul 2026 | Pace Digitek's material subsidiary Lineage Power signs MoU with Onward Solar Power and Kalpa Power for supply of BESS systems and components. | Pace Digitek's material subsidiary, Lineage Power Private Limited, has entered into a Memorandum of Understanding (MoU) with Onward Solar Power Private Limited and Kalpa Power Private Limited for the supply of Battery Energy Storage Systems (BESS) including DC blocks, C&I BESS cabinets, residential BESS, PCS, EMS, and battery containers. The MoU is with domestic entities and does not involve related parties. | filing |
| 10 Jul 2026 | Pace Digitek's subsidiary Lineage Power signs MoU with Bondada Renewable Energy for supply of BESS systems | Pace Digitek's material subsidiary Lineage Power Private Limited has entered into a Memorandum of Understanding (MoU) with Bondada Renewable Energy Private Limited for the supply of Battery Energy Storage Systems (BESS) including DC blocks, C&I BESS cabinets, residential BESS, PCS, EMS, and battery containers. | filing |
| 13 Jul 2026 | Pace Digitek's subsidiary signs third MoU at India Energy Storage Week 2026, partnering with Bondada Renewable Energy for BESS product supply. | Pace Digitek's material subsidiary Lineage Power Private Limited signed a strategic MoU with Bondada Renewable Energy Private Limited to supply Battery Energy Storage Systems (BESS), including DC blocks, C&I cabinets, residential BESS, PCS, EMS, and battery containers. | filing |
| 24 Aug 2026 | Pace Digitek's subsidiary Lineage Power receives ₹92.9 crore order from Kalpa Power for 100 MWh BESS supply and commissioning support, to be completed by December 2026. | Pace Digitek's material subsidiary Lineage Power Private Limited received a Letter of Award from Kalpa Power Private Limited for supply and commissioning support of a 100 MWh Battery Energy Storage System (BESS) valued at ₹92.9 crore (including GST), with completion scheduled by 31 December 2026. | filing |
| 21 Sept 2026 | Pace Digitek's subsidiary Lineage Power receives Rs 488.46 crore order from NTPC GE Power for 5.015 MWh BESS containers with 12-year CMC. | Pace Digitek's material subsidiary Lineage Power Private Limited has received a Letter of Award worth Rs 488.46 crore (inclusive of taxes) from NTPC GE Power Services Private Limited for the supply, delivery, testing, and supervision of erection, testing & commissioning of 5.015 MWh BESS containers along with BMS and EMS, including a 12-year comprehensive maintenance contract. | filing |
| 21 Sept 2026 | Pace Digitek's subsidiary LPPL secures ₹488.46 crore BESS supply order from NTPC GE Power Services, including commissioning and 12-year lifecycle support. | Pace Digitek's material subsidiary Lineage Power Private Limited (LPPL) received a Letter of Award worth ₹4,884.61 million (incl. GST) from NTPC GE Power Services for supply, delivery, testing, supervision of erection and commissioning of 5.015 MWh BESS containers with BMS and EMS, plus 12-year comprehensive maintenance contract. Execution is to be completed by December 31, 2026. | filing |
| 6 Aug 2026 | 5 GWh BESS manufacturing line — by Q2FY27 | The 5 GWh [BESS manufacturing] facility is expected to be operational from July 2026 onwards. | |
| 4 Aug 2026 | Pace Digitek's subsidiary Lineage Power commissions additional 2.5 GWh BESS manufacturing line, raising total installed capacity to 5 GWh. | Pace Digitek's material subsidiary Lineage Power Private Limited has commissioned an additional 2.5 GWh Battery Energy Storage System (BESS) manufacturing line, doubling the Group's installed BESS capacity from 2.5 GWh to 5 GWh. | filing |
| BOO project revenue contribution for FY27 — 20-25% — by FY27 | In FY27, we expect around 20% to 25% of revenue to come from BOO projects. | ||
| 26 May 2026 | Pace Digitek reports Q4FY26 revenue of ₹1,097 Cr (+60.5% YoY), FY26 PAT of ₹307 Cr, and guides for 10 GWh BESS capacity by October 2026 with FY27 revenue of ₹3,200-3,400 Cr | ||
| 22 Jun 2026 | Pace Digitek presents a robust growth narrative as an integrated telecom and energy infrastructure platform, with a Rs. 11,338 Cr order book, BESS capacity scaling from 2.5 GWh to 10 GWh, and FY27-28 revenue guidance of Rs. 3,200-4,200 Cr. | filing | |
| 20 Jun 2026 | Pace Digitek Board approves ESOP 2026, acquisition of remaining stake in Inso Pace Private Limited, capacity expansion to 10 GWh, and setting up a research centre in Pune. | The Board of Directors of Pace Digitek Limited approved several key proposals: the Pace Digitek Employee Stock Option Plan 2026 (PDL ESOP 2026) for up to 2,000,000 shares; the acquisition of the remaining 49% equity stake in Inso Pace Private Limited to make it a wholly owned subsidiary; an expansion of manufacturing capacity from 2.5 GWh to 10 GWh (adding 7.5 GWh) with an investment of ~₹200 crore; the establishment of a research centre in Pune; the appointment of Ms. Maya Swaminathan Sinha as an Independent Director; the formation of a new wholly owned subsidiary; and re-appointment of internal auditors. Additionally, the Board approved material related party transactions with three entities and set a postal ballot for shareholder approval. | filing |
| 21 Aug 2026 | Pace Digitek completes acquisition of Inso Pace Private Limited and incorporates new wholly owned subsidiary TransgreenX Asset Holdco Private Limited for renewable energy project development. | Pace Digitek incorporated a wholly owned subsidiary named TransgreenX Asset Holdco Private Limited on August 20, 2026, and completed the acquisition of the entire equity shareholding of Inso Pace Private Limited, making Inso Pace a wholly owned subsidiary as well. | filing |
| 23 Jun 2026 | Pace Digitek Limited publishes newspaper advertisement for postal ballot and remote e-voting notice under SEBI LODR regulations. | The company issued a newspaper advertisement in Financial Express (English) and Udayakala (Kannada) to inform shareholders about a postal ballot and remote e-voting process. | filing |
| 28 Jul 2026 | Pace Digitek's subsidiary Lineage Power crosses 300 utility-scale BESS container manufacturing milestone (~1.5 GWh capacity), signaling scaling progress. | Pace Digitek announced that its material subsidiary LPPL has manufactured 300 utility-scale BESS containers, equivalent to ~1.5 GWh of battery energy storage capacity. The company is also expanding its BESS manufacturing capacity from 2.5 GWh to 5 GWh and setting up a separate 5 GWh facility and an in-house container fabrication plant. | filing |
| 5 Aug 2026 | Pace Digitek Q1FY27: Revenue surges 51% YoY to ₹555 Cr, PAT up 11.5% to ₹61.3 Cr; order book at ₹10,803 Cr, but OPM contracts 140 bps and EPS declines 6.3% on dilution. | filing | |
| 5 Aug 2026 | Q1FY27 consolidated revenue ₹555.36 Cr (+51.3% YoY, -79.0% QoQ), driven entirely by BESS subsidiaries; EBITDA margin 20.6% (-274bps YoY, +389bps QoQ), PAT ₹61.32 Cr (+13.2% YoY) but EPS ₹2.84 (-6.3% YoY) on dilution, with other income 34.7% of PBT raising quality concerns. | filing |
Quick answers
- What did Pace Digitek disclose?
- On 21 September 2026, Pace Digitek (NSE: PACEDIGITK, BSE: 544550) disclosed through a BSE filing that its material subsidiary Lineage Power Private Limited had received a Letter of Award worth ₹488.46 crore (inclusive of taxes) from NTPC GE Power Services Private Limited.
- What are the key numbers?
- Q1FY27 results, published on 5 August 2026, reported consolidated revenue of ₹555.36 crore — up 51.3 % year‑on‑year. PAT stood at ₹61.32 crore (+13.2 % YoY). Earnings per share fell 6.3 % year‑on‑year to ₹2.84, reflecting dilution from the expanded share base. The results filing also noted that other income constituted 34.7 % of profit before tax.
- What does Pace Digitek say comes next?
- The filings provide several target periods that an attentive reader can track:
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