PACE Digitek has announced that its material subsidiary, Lineage Power Private Limited, has secured a substantial purchase order worth ₹1,587.10 crore from Reliance Industries Limited. The order involves the supply of Li-ion 48V 15S1P 314 AH battery packs, representing a significant business milestone for the company.

Order Specifications

The purchase order, numbered I03/440051481, was awarded to Lineage Power Private Limited for the supply of specialized lithium-ion battery packs. The contract value includes GST and demonstrates the scale of this major industrial engagement.

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 order reinforces PACE Digitek's growing presence in the lithium-ion battery manufacturing sector through its subsidiary operations. The partnership with Reliance Industries, one of India's largest industrial conglomerates, validates the technical capabilities and production capacity of Lineage Power Private Limited in the energy storage segment.

Market Position

The order strengthens PACE Digitek's position in the expanding battery manufacturing market, with the specialized 48V battery packs catering to industrial applications. The August 2026 delivery timeline provides a clear execution roadmap for this major contract.

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.