Pace Digitek Limited has announced that its material subsidiary, Lineage Power Private Limited, has secured a substantial purchase order worth ₹1,587.10 million from Reliance Industries Limited. The order involves the supply of advanced telecom battery solutions, representing a significant business milestone for the company in the telecommunications infrastructure sector.

Contract Specifications

The purchase order was awarded to Lineage Power Private Limited for the supply of specialized lithium-ion battery packs designed for telecom infrastructure. The contract demonstrates the scale of this major industrial engagement with one of India's largest conglomerates.

Management Commentary

Commenting on the development, Chairman & Managing Director, Mr. Venugopal Rao Maddisetty stated that this order from Reliance Industries Limited reinforces their position as a trusted provider of critical energy infrastructure in India. He emphasized that this supports their strategy of increasing product-led revenues alongside EPC and annuity-linked infrastructure projects.

Order Book Impact

With this latest contract, the consolidated order book of Pace Digitek Limited stands at approximately ₹104,906 million, comprising Telecom & ICT infrastructure and Energy segments. This substantial addition strengthens the company's revenue visibility and market position in the battery manufacturing sector.

Regulatory Compliance

Pace Digitek has filed the necessary intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms this is a domestic order with no related party transaction implications or promoter group interests in the awarding entity.

Strategic Impact

This substantial contract reinforces Pace Digitek's growing presence in the telecommunications battery manufacturing sector through its subsidiary operations. The partnership with Reliance Industries validates the technical capabilities and production capacity of Lineage Power Private Limited in providing advanced battery solutions for telecom infrastructure.

Pace Digitek Limited has announced a significant business development with the receipt of an Advance Letter of Award worth Rs. 890.69 million from RailTel Corporation of India Limited. The contract encompasses supply, installation and commissioning of IP-based video surveillance systems in LHB coaches, marking a substantial addition to the company's order book.

Contract Details and Scope

The comprehensive contract includes both initial implementation and long-term maintenance components. The project involves supplying and installing IP-based video surveillance systems specifically designed for LHB (Linke Hofmann Busch) coaches, which are modern passenger train coaches used by Indian Railways.

Service Components and Timeline

The contract encompasses multiple service phases designed to ensure comprehensive coverage throughout the system lifecycle. The initial phase involves supply, installation and commissioning of the video surveillance infrastructure. Following successful implementation, Pace Digitek will provide a 3-year warranty period, ensuring system reliability and performance standards.

The agreement extends beyond the warranty phase with a 5-year Comprehensive Annual Maintenance Contract (CAMC). This long-term maintenance component provides sustained revenue visibility and strengthens the company's relationship with RailTel Corporation.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement confirms this is a domestic contract with no related party transactions involved.

Strategic Significance

This contract represents a significant milestone for Pace Digitek Limited in the railway technology sector. The project involves working with RailTel Corporation, a major telecommunications and IT solutions provider for Indian Railways, on a back-to-back basis for one of their customers. The 8-year total engagement period, including warranty and maintenance phases, provides long-term revenue visibility and establishes the company's credentials in railway security systems.

The IP-based video surveillance technology for LHB coaches aligns with the ongoing modernization initiatives in Indian Railways, positioning Pace Digitek as a key technology partner in this transformation.