1 hr ago
Pace Digitek Subsidiary Wins Rs 488 Crore BESS Order
Pace Digitek’s subsidiary, Lineage Power, has won a large contract to provide battery storage equipment.
The order is worth Rs 488.46 crore.
The equipment will be used at the Barh Super Thermal Power Station.
It will help store electricity in large batteries.
Lineage Power will supply, test, and help install the battery system.
The company will also maintain the equipment for several years.
The project is expected to be finished by December 31, 2026.
Pace Digitek is increasing its factory capacity to pursue more battery-storage projects.
Lineage Power, Pace Digitek’s material subsidiary, received a Rs 488.46 crore Letter of Award from NTPC GE Power Services.
The contract covers a 5.015 MWh battery energy storage system at Barh Super Thermal Power Station’s Stages I and II.
Lineage Power will supply, test, and supervise installation and commissioning, including Battery Management and Energy Management Systems.
The project includes five years of annual maintenance and a seven-year extended warranty, with completion expected by December 31, 2026.
Pace Digitek’s BESS manufacturing capacity has expanded from 2.5 GWh to 5 GWh, with a target of 10 GWh by the third quarter of FY2027.
- Who
- Lineage Power, a material subsidiary of Pace Digitek, received the order from NTPC GE Power Services.
- What
- A Rs 488.46 crore Letter of Award for supplying and commissioning a 5.015 MWh battery energy storage system.
- Where
- Barh Super Thermal Power Station, covering NTPC’s Stages I and II.
- When
- The project is expected to be completed by December 31, 2026; Pace Digitek’s shares rose 10.85% in early trade on September 22.
- Why
- The order supports Pace Digitek’s expansion into product-led battery energy storage, system integration, and lifecycle services.
Key facts
- Order value
- Rs 488.46 crore, inclusive of taxes
- Awarding company
- NTPC GE Power Services
- Project
- Battery energy storage system at Barh Super Thermal Power Station
- Storage capacity
- 5.015 MWh
- Maintenance period
- Five years of annual maintenance plus seven-year extended warranty
- Expected completion
- December 31, 2026
- Manufacturing capacity
- 5 GWh currently; targeted to reach 10 GWh by Q3 FY2027
- Share-price movement
- Up 10.85% in early trade on September 22
Quotes
Venugopalrao Maddisetty
Chairman and Managing Director of Pace Digitek
“This order is an important step in strengthening LPPL as a product-led BESS business. It brings together product supply, commissioning and long-term lifecycle support, enabling us to deepen our participation across the BESS value chain and strengthen our engagement with customers beyond manufacturing.”
financialexpress.com
Sources
Related news
L&T Wins Major Middle East Battery Storage Order
Premier Energies, RCT Group Plan 12 GWh Battery Facility Telangana
Pace Digitek Shares Surge After ₹488 Crore Order Win
ACME Solar Commissions Solar and Battery Storage Projects in Rajasthan
L&T Wins ₹50,000 Crore West Asia Contracts in August
Edelweiss Large & Mid Cap Fund Bets on Next Cycle
SHANTI Act draft rules open India's nuclear power to private firms
Power Mech Secures ₹3,126 Crore Battery Storage Orders
Power Mech Wins Mumbai Monorail O&M Bid
