Pace Digitek Wins ₹7,099 Million BESS EPC & O&M Contract from NLC India Renewables
Pace Digitek Limited has won a ₹7,099 million BESS EPC and 12-year O&M contract from NLC India Renewables Limited for a 250 MW/500 MWh project across three Tamil Nadu locations. This second BESS order for FY2027 takes year-to-date Energy segment order wins to ₹14,119 million, with cumulative Energy segment orders at ₹97,869 million and the company's total BESS portfolio exceeding 5 GWh.
*this image is generated using AI for illustrative purposes only.
Pace Digitek Limited has secured a Battery Energy Storage System (BESS) EPC and long-term O&M contract from NLC India Renewables Limited (NIRL) for the implementation of a 250 MW / 500 MWh BESS project in Tamil Nadu. The contract value stands at ₹7,099 million (including GST) and was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with intimation submitted to the stock exchanges on May 18, 2026. This marks the second BESS order win for FY2027, bringing the company's year-to-date Energy segment order wins to ₹14,119 million, while cumulative Energy segment order wins stand at ₹97,869 million.
Contract Overview
The contract encompasses complete Engineering, Procurement and Construction (EPC) execution — excluding supply of power transformers — along with 12-year comprehensive Operations & Maintenance (O&M) services from the Commercial Operation Declaration (COD). The scope includes design, engineering, manufacturing-linked supply, installation, testing, commissioning, and associated civil, structural and infrastructure works across multiple substation locations in Tamil Nadu.
The following table summarises the key details of the awarded contract:
| Parameter: | Details |
|---|---|
| Awarding Entity: | NLC India Renewables Limited (NIRL) |
| Contract Value: | ₹7,099 million (including GST) |
| Project Capacity: | 250 MW / 500 MWh Battery Energy Storage System (BESS) |
| Project Locations: | Ottapidaram, Anuppankulam and Kayathar, Tamil Nadu |
| Nature of Contract: | Turnkey EPC — Design, Engineering, Supply, Manufacturing, Erection, Testing & Commissioning |
| O&M Period: | 12 years from COD (Commercial Operation Declaration) |
| Execution Timeline: | 12 months for EPC execution and commissioning |
| Domestic/International: | Domestic Entity |
| Related Party Transaction: | No |
| Promoter/Group Interest in Awarding Entity: | No |
Strategic Significance and Order Momentum
This order builds on the strong momentum achieved in FY2026, during which Pace Digitek reported Energy segment order inflows of ₹58,147 million, driven by increasing traction in BESS and renewable-linked opportunities. The project structure is strategically significant as it combines manufacturing-linked supply with long-term O&M services, supporting lifecycle revenue visibility and stronger long-term customer engagement. The multi-location deployment further demonstrates the company's execution scalability across utility-scale energy storage projects.
With this latest win, Pace Digitek's cumulative BESS project portfolio has expanded to over 5 GWh, spanning utility-scale storage, renewable integration and grid support applications. The following table highlights the company's order win milestones:
| Metric: | Value |
|---|---|
| Current Contract Value: | ₹7,099 million (including GST) |
| FY2027 YTD Energy Segment Order Wins: | ₹14,119 million |
| Cumulative Energy Segment Order Wins: | ₹97,869 million |
| Cumulative BESS Portfolio: | Over 5 GWh |
Management Commentary
Commenting on the development, Chairman & Managing Director Mr. Venugopal Rao Maddisetty said, "We are pleased to secure this BESS project from NLC India Renewables, which further strengthens our presence in the utility-scale energy storage segment and expands our portfolio of large-format BESS deployments. The project is particularly significant as it combines EPC execution with long-term O&M services, enabling us to leverage our capabilities across manufacturing, system integration and lifecycle support. With a 12-month execution timeline and significant supply & system integration scope, our expanding manufacturing ecosystem and operational capabilities position us well to deliver the project efficiently while maintaining tighter control over execution timelines, cost optimisation, delivery quality and capacity utilisation. This order further strengthens our utility and energy infrastructure portfolio and reflects the growing confidence of leading sector players in our technical capabilities, execution track record and integrated business model."
Regulatory Disclosure
The intimation was submitted by Meghana M P, Company Secretary and Compliance Officer of Pace Digitek Limited, in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company confirmed that neither the promoter/promoter group/group companies hold any interest in NIRL, nor does the contract fall within the purview of related party transactions.
Historical Stock Returns for Pace Digitek
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.67% | -6.89% | +4.72% | -19.71% | -19.21% | -19.21% |
With cumulative Energy segment order wins approaching ₹1,00,000 million, what new verticals or geographies could Pace Digitek target to sustain its order inflow momentum beyond the domestic BESS market?
How might Pace Digitek's 12-year O&M commitment across multiple Tamil Nadu substations impact its working capital requirements and long-term margin profile?
As India's BESS procurement pipeline accelerates, which other PSU entities or state utilities are likely to emerge as significant awarding entities for large-scale storage contracts in FY2027?
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