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  5. Pace Digitek arm wins BESS order worth ₹488 crore from NGSL; shares decline 17% YTD

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Pace Digitek arm wins BESS order worth ₹488 crore from NGSL; shares decline 17% YTD

Abha Raverkar
By Abha Raverkar

3 min read | Updated on September 21, 2026, 19:55 IST

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SUMMARY

The order is expected to be completed by December 31, 2026, and will be followed by a maintenance period of 12 years, Pace Digitek said.

Stock list

PACEDIGITK
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Pace Digitek shares

Pace Digitek has a total market capitalisation of ₹3,342.67 crore as of September 21, 2026, according to data on the NSE. | Image: pacedigitek.in

Pace Digitek share price: Shares of Pace Digitek are expected to be on investors' radar on Tuesday, September 22, as its material subsidiary, Lineage Power Private Ltd, bagged an order worth ₹488.46 crore.
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The company bagged the Battery Energy Storage System (BESS) order from NTPC GE Power Services Private Limited (NGSL), according to a regulatory filing dated September 21.

It secured the order for “supply, delivery, testing, and supervision of erection, testing, and commissioning” of 5.015 megawatt-hour (MWh) BESS containers along with a battery management system (BMS) and energy management system (EMS), strictly as per the request for quotation (RFQ) documents issued, including a comprehensive maintenance contract (CMC), it stated.

The order is expected to be completed by December 31, 2026, and will be followed by a maintenance period of 12 years, Pace Digitek added.

Also read: Top gainers and losers, September 21: Eternal, HCLTech surge 3%, Bharti Airtel tumbles 3%; check list

Recent update

Last month, Lineage Power Private Ltd, its subsidiary, received a letter of award (LoA) from Kalpa Power Private Limited for the supply and commissioning support of a BESS. The order was valued at ₹92.9 crore and was scheduled for completion by December 31, 2021, it said in a regulatory filing dated August 24.

Pace Digitek Q1 results

The firm reported a 13.24% year-on-year (YoY) surge in its consolidated net profit to ₹61.32 crore in the April-June quarter of the 2026-27 financial year (Q1 FY27), compared with ₹54.15 crore in the corresponding period of the preceding fiscal year.

Its consolidated revenue from operations jumped 51.29% YoY to ₹555.36 crore for the reporting quarter, as against ₹367.08 crore in the first quarter of the 2025-26 fiscal year (Q1 FY26).

Pace Digitek share performance

The stock of Pace Digitek closed 0.84% lower at ₹154.86 per equity share on the National Stock Exchange (NSE) on Monday, September 21. However, the development was announced after the markets closed.

The scrip has fallen 2% in the past week and 14% over the month. On a year-to-date (YTD) basis, it has declined more than 17%.

Also read: SENSEX surges 564 points, NIFTY50 gains for fourth straight session as crude falls

While the shares hit a 52-week high of ₹231.95 per unit on October 10, 2025, they touched a year’s low of ₹139.81 apiece on March 30, 2026.

Pace Digitek has a total market capitalisation of ₹3,342.67 crore as of September 21, 2026, according to data on the NSE.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Abha Raverkar
Abha Raverkar is a post-graduate in economics from Christ University, Bengaluru. She has a strong interest in the markets and loves to unravel the nitty-gritties of the latest happenings in the world of markets, business, and the economy.

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