Pace Digitek shares rally 6% on securing BESS development order worth ₹179 crore from BRPL

According to a regulatory filing dated October 8, the firm received a letter of intent (LoI) for the development of a 57.5 MW / 115 MWh standalone Battery Energy Storage System (BESS) in Delhi.

The project will be developed under a 12-year Build, Own, Operate and Transfer (BOOT) model, with a project capital outlay of around ₹179.4 crore, the filing read, adding that the project is scheduled to be executed within seven months.

Under the long-term Battery Energy Storage Service Agreement (BESSA), Pace Digitek will receive a fixed capacity tariff of ₹47.05 lakh per MW per year, translating into annual contracted capacity revenue of ₹27.1 crore.

“The award marks Pace Digitek's fifth major utility-scale BOO/BOOT storage project, further strengthening its portfolio of long-term contracted energy infrastructure assets. With the addition of the BSES project, the Company’s utility-scale BOO/BOOT portfolio has increased to 3.32 GWh,” the firm stated.

With the order win, its total executable order book exceeds ₹11,500 crore.

The BSES award adds to Pace Digitek Group's recent BESS wins, including the ₹488.6 crore order from NTPC GE Power Services Private Limited (NGSL) for supply of standalone BESS along with AMC and warranty services, secured in September 2026.

Commenting on the development, Venugopalrao Maddisetty, Chairman & Managing Director, Pace Digitek Limited, said: “The BSES award is another important milestone in the development of our Energy business and marks our fifth utility-scale BOO/BOOT storage project. It reinforces the capabilities we have built across BESS manufacturing, project execution and long-term asset operations.”

He further stated that the company’s recent wins also demonstrate the breadth of its participation across the BESS value chain from supplying storage systems and providing lifecycle services to developing and operating long-term contracted storage assets.

“We remain focused on disciplined execution, scaling our manufacturing capabilities and selectively building a portfolio of contracted energy infrastructure assets, while continuing to serve the evolving requirements of India's power and renewable energy ecosystem,” Maddisetty added.

Pace Digitek share performance

At around 11:31 AM, the stock was trading 1.87% higher at ₹164.88 per equity share.

The scrip has lost more than 1% in the past week but gained 3% over the month. On a year-to-date (YTD) basis, it has fallen 12%.

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 ₹3,561.76 crore as of October 9, 2026, according to data on the NSE.