Pace Digitek Limited , a company listed on the Indian stock exchanges, has announced a significant expansion into the renewable energy sector. The company has successfully incorporated a wholly owned subsidiary named YTRANS GREEN X ENERGY PRIVATE LIMITED on November 22, 2025.

Key Details of the New Subsidiary

Strategic Focus

The newly formed subsidiary is set to operate as an asset-holding and project development company, with a primary focus on the renewable energy sector. Its key objectives include:

1. Identification, acquisition, development, ownership, operation, and management of energy and infrastructure projects.
2. Participation in and implementation of both government and private sector projects.
3. Utilization of various business structures including Special Purpose Vehicles (SPVs), subsidiaries, and joint ventures.

Business Models

YTRANS GREEN X ENERGY PRIVATE LIMITED is positioned to engage in projects under various models, including:

• Build-Own-Operate (BOO)
• Build-Own-Operate-Transfer (BOOT)
• Other public-private partnership arrangements

This strategic move by Pace Digitek signifies its intent to capitalize on the growing opportunities in the renewable energy sector. The establishment of this subsidiary aligns with the global trend towards sustainable and clean energy solutions, potentially opening new avenues for growth and diversification for the parent company.

Investors and stakeholders will likely be keen to observe how this new venture impacts Pace Digitek's overall business strategy and financial performance in the coming years.

Pace Digitek Limited (PDL) has announced a significant milestone in its renewable energy portfolio by securing a substantial contract worth Rs 929.7 crore from Maharashtra State Power Generation Company Limited (MSPGCL). The project involves the design, engineering, manufacturing, supply, erection, installation, testing, and commissioning of a 200MW AC grid-connected ground-mounted solar PV power plant.

Contract Details

The scope of the project includes:

• Design and engineering of a 200MW AC solar power plant
• Manufacturing and supply of necessary equipment
• Erection and installation of the plant
• Testing and commissioning
• Associated power evacuation arrangements
• Three years of operation and maintenance services

The project is part of a larger 300MW AC initiative and includes the setup of power evacuation arrangements to the STU substation.

Project Timeline and Value

PDL is expected to execute this project within 450 days from the acceptance of the letter of award. The contract value, inclusive of taxes, stands at Rs 9,297.57 crore.

Market Impact and Order Book Growth

This large-scale project not only strengthens Pace Digitek's position in the renewable energy sector but also aligns with India's growing focus on solar power generation. The contract is expected to have an impact on the company's financial performance and market standing.

In addition to this significant contract, Pace Digitek reported securing orders worth Rs 5,869 crore in the energy sector over the past year, demonstrating strong business momentum. The company has set a target to increase its order book to Rs 8,000 crore by March 2026, indicating growth plans in the energy segment.

Company Background

Pace Digitek Limited, formerly known as Pace Digitek Private Limited and Pace Digitek Infra Private Limited, is emerging as a key player in India's infrastructure development, particularly in the digital and energy transition sectors.

Financial Performance and Projections

In a recent financial report, PDL reported the following consolidated figures:

These figures demonstrate the company's current financial position as it takes on this significant new project.

Looking ahead, Pace Digitek estimates operational revenue between Rs 2600-2700 crore for FY26 with enhanced PAT margins at 12%. The company projects a topline of Rs 3100-3200 crore for FY27 and expects to maintain PAT margins between 11-12% for that fiscal year, indicating sustained profitability alongside revenue growth.

The execution of this MSPGCL contract, combined with the company's growing order book and positive financial projections, could significantly impact Pace Digitek's financial position and its role in India's renewable energy landscape.