Pace Digitek: BESS Order Book Expands with ₹179.4 Crore LOI from BSES Rajdhani (NSE: PACEDIGITK)
On 8 October 2026, Pace Digitek (NSE: PACEDIGITK, BSE: 544550) disclosed a Letter of Intent from BSES Rajdhani Power Limited for a battery energy storage project valued at ₹179.4 crore. The BSE filing states: “Pace Digitek’s subsidiary received a Letter of Intent worth ₹179.4 crore from BSES Rajdhani Power Limited for design, supply, installation, commissioning, operation, and maintenance of a 57.5 MW/115 MWh BESS project at four grid stations in Delhi, with a 28-week commissioning timeline.” A parallel filing adds the project will run under a 12-year BOOT model with a capital outlay of ~₹179.4 crore and a 7-month execution timeline (BSE filings, 8 October 2026).
On 8 October 2026, Pace Digitek (NSE: PACEDIGITK, BSE: 544550) disclosed a Letter of Intent from BSES Rajdhani Power Limited for a battery energy storage project valued at ₹179.4 crore. The BSE filing states: “Pace Digitek’s subsidiary received a Letter of Intent worth ₹179.4 crore from BSES Rajdhani Power Limited for design, supply, installation, commissioning, operation, and maintenance of a 57.5 MW/115 MWh BESS project at four grid stations in Delhi, with a 28-week commissioning timeline.” A parallel filing adds the project will run under a 12-year BOOT model with a capital outlay of ~₹179.4 crore and a 7-month execution timeline (BSE filings, 8 October 2026).
The LOI is the latest in a series of disclosures through 2026 that show Pace Digitek’s material subsidiary Lineage Power Private Limited (LPPL) accumulating BESS contracts.
A sequence of BESS orders since July 2026
Between 9 and 13 July 2026, LPPL signed three Memoranda of Understanding for the supply of BESS systems—including DC blocks, C&I cabinets, residential BESS, PCS, EMS, and battery containers. The counterparties were Onward Solar Power and Kalpa Power (MoU dated 9 July 2026), and Bondada Renewable Energy (MoUs dated 10 July and 13 July 2026). None involved related parties, the filings note.
On 24 August 2026, LPPL received a Letter of Award from Kalpa Power Private Limited: ₹92.9 crore (including GST) for supply and commissioning support of a 100 MWh BESS, with completion scheduled by 31 December 2026 (BSE filing, 24 August 2026).
On 21 September 2026, LPPL secured a ₹488.46 crore (₹4,884.61 million, including GST) Letter of Award from NTPC GE Power Services Private Limited. The scope covers supply, delivery, testing, supervision of erection and commissioning of 5.015 MWh BESS containers with BMS and EMS, plus a 12-year comprehensive maintenance contract. Execution is to be completed by 31 December 2026 (BSE filings, 21 September 2026).
The 8 October 2026 LOI from BSES Rajdhani adds another 115 MWh of dispatchable capacity, this time under a long-term operations-and-maintenance commitment.
Manufacturing capacity doubles, further expansion planned
LPPL provided updates on its production capability alongside the order flow. On 28 July 2026 the company reported it had manufactured 300 utility-scale BESS containers, equivalent to ~1.5 GWh of energy storage capacity (BSE filing, 28 July 2026).
On 4 August 2026 LPPL commissioned an additional 2.5 GWh BESS manufacturing line. That lifted the group’s installed capacity from 2.5 GWh to 5 GWh (BSE filing, 4 August 2026).
The board had already approved a larger expansion. On 20 June 2026 the board resolved to raise total BESS manufacturing capacity from 2.5 GWh to 10 GWh—adding 7.5 GWh—with an investment of ~₹200 crore, and to set up a research centre in Pune (BSE filing, 20 June 2026). During the Q4FY26 earnings call on 26 May 2026, management guided that 10 GWh BESS capacity would be operational by October 2026.
Q1FY27 results, order book, and guidance
In the quarter ended 30 June 2026, Pace Digitek reported consolidated revenue of ₹555.36 crore (BSE filing, 5 August 2026). The filing disclosed a year-on-year revenue increase of 51.3%, with BESS subsidiaries driving all revenue. PAT stood at ₹61.32 crore—up 13.2% year-on-year—while EPS was ₹2.84, 6.3% lower year-on-year on account of share dilution. Other income constituted 34.7% of profit before tax (BSE filing, 5 August 2026). The same filing showed an order book of ₹10,803 crore.
Earlier, in the Q4FY26 concall on 26 May 2026, management had guided FY27 revenue at ₹3,200–3,400 crore.
What the filings say to watch
The disclosures provide several company-stated timelines:
- The BSES Rajdhani project has a 28-week commissioning clock from the LOI and a 7-month execution timeline (12-year BOOT model).
- The Kalpa Power order (₹92.9 crore) and the NTPC GE Power order (₹488.46 crore) carry completion targets of 31 December 2026.
- The 10 GWh manufacturing capacity target is set for October 2026 (management guidance, 26 May 2026 concall).
- FY27 revenue guidance stands at ₹3,200–3,400 crore (26 May 2026 concall).
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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 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 |
| 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 |
| 8 Oct 2026 | Pace Digitek receives ₹179.4 crore BESS order from BSES Rajdhani Power for 115 MWh grid storage. | Pace Digitek's subsidiary received a Letter of Intent worth ₹179.4 crore from BSES Rajdhani Power Limited for design, supply, installation, commissioning, operation, and maintenance of a 57.5 MW/115 MWh BESS project at four grid stations in Delhi, with a 28-week commissioning timeline. | filing |
| 8 Oct 2026 | Pace Digitek receives Rs 179.4 crore LOI from BSES Rajdhani Power for a 115 MWh BESS project under a 12-year BOOT model. | Pace Digitek received a Letter of Intent from BSES Rajdhani Power for a 57.5 MW/115 MWh BESS project in Delhi, to be executed under a 12-year BOOT model with a capital outlay of ~Rs 179.4 crore and a 7-month execution timeline. | filing |
| 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 | ||
| 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 |
| 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 | |
| 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 |
| 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 |
| 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 | |
| 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 |
Quick answers
- What did Pace Digitek disclose?
- On 8 October 2026, Pace Digitek (NSE: PACEDIGITK, BSE: 544550) disclosed a Letter of Intent from BSES Rajdhani Power Limited for a battery energy storage project valued at ₹179.4 crore.
- What are the key numbers?
- In the quarter ended 30 June 2026, Pace Digitek reported consolidated revenue of ₹555.36 crore (BSE filing, 5 August 2026). The filing disclosed a year-on-year revenue increase of 51.3%, with BESS subsidiaries driving all revenue. PAT stood at ₹61.32 crore—up 13.2% year-on-year—while EPS was ₹2.84, 6.3% lower year-on-year on account of share dilution.
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