Pace Digitek Limited has secured a significant contract from NLC India Renewables Limited (NIRL) for the implementation of a Battery Energy Storage System (BESS) project. The contract, valued at Rs. 7,099.19 Million (including GST), was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation regarding this development was submitted to the stock exchanges on May 16, 2026.

Contract Overview

The awarded contract encompasses the Design, Engineering, Supply (excluding supply of Power Transformers), Manufacturing, Forwarding, Unloading, Storage at site, Erection, Testing & Commissioning on a turnkey basis. The project involves a cumulative capacity of 250 MW / 500 MWh Battery Energy Storage System (BESS). Additionally, the scope includes comprehensive Operation & Maintenance services for a period of 12 years from the Commercial Operation Declaration (COD). The project sites are located at Ottapidaram SS, Annupankulam SS, and Kayathar SS in Tamil Nadu.

The following table summarises the key details of the awarded contract:

Execution Timeline and Scope

The time schedule for the completion of the Commercial Operation Declaration (COD) for the entire capacity is set at 12 months from the date of the Letter of Award. Following the commissioning, the company will provide comprehensive Operation & Maintenance of the BESS System for a period of 12 years, effectively covering the BESS Service Life. The project is classified as a domestic order, and the company confirmed that neither the promoter, promoter group, nor group companies hold any interest in the awarding entity, NIRL.

Regulatory Disclosure

The intimation was submitted by Meghana M P, Company Secretary and Compliance Officer of Pace Digitek Limited. The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company confirmed that the contract does not fall within the purview of related party transactions.

Pace Digitek Limited, an integrated provider of energy solutions and telecom infrastructure, has secured BESS supply, erection, and long-term O&M contracts from Damodar Valley Corporation (DVC) for the implementation of a 250 MW / 500 MWh Battery Energy Storage System (BESS) project at Maithon, Jharkhand. The announcement was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Details and Scope

The contracts carry a combined value of ₹7,019.54 Million (including GST) and comprise a supply contract, an EPC services contract, and a long-term operation & maintenance (O&M) contract. The following table summarises the key parameters of the order:

The scope of work includes design, engineering, manufacturing-linked supply, installation, testing, commissioning, and 12-year comprehensive O&M, along with associated civil, structural, and evacuation infrastructure works.

Strategic Significance

This order marks Pace Digitek's first BESS order win for FY2027, building on the strong momentum achieved in FY2026, where the company reported energy order inflows of ₹58,147 million, led by increasing traction in BESS and renewable-linked opportunities. The order highlights the company's ability to execute across the entire BESS value chain, integrating manufacturing, EPC execution, and lifecycle services.

The company's manufacturing-led execution model, linking in-house capacity with a secured project pipeline, enables tighter control over costs, execution timelines, and delivery quality, while supporting scalable growth in utility-scale deployments. With this win, Pace Digitek's BESS project portfolio has expanded to over 5 GWh, spanning utility-scale storage, renewable integration, and grid support applications.

Management Commentary

Commenting on the development, Chairman & Managing Director Mr. Venugopal Rao Maddisetty stated, "This order from DVC reinforces our position in utility-scale energy storage and the strength of our integrated model across manufacturing, EPC and lifecycle services. As energy storage becomes central to renewable integration, we are scaling a manufacturing-led platform aligned to project execution, enabling disciplined delivery, cost efficiency and long-term asset performance. We remain focused on expanding our presence in this high-growth segment."

About Pace Digitek Limited

Pace Digitek Limited is an integrated infrastructure and energy solutions company in India, operating across two business segments: Energy, and Telecom & ICT. The company operates across the value chain, spanning Manufacturing, Engineering, Procurement & Construction (EPC), and Operations & Maintenance (O&M). In the energy segment, the company undertakes BESS design, integration, and deployment, and through its subsidiary, Lineage Power Private Limited, also manufactures energy storage systems and related components. In the telecom segment, the company undertakes manufacturing of telecom power systems and provides EPC services and O&M for telecom infrastructure and network deployments across multiple circles in India.