Pace Digitek Limited has secured a major contract worth ₹3,757.25 crore from Bondada Engineering for the development of a 300 MW solar power project. This significant order represents a comprehensive engagement covering both project execution and long-term maintenance services.

Project Scope and Contract Details

The contract encompasses a full spectrum of services for the solar power installation:

Service Components

The comprehensive order includes two primary service categories:

Engineering, Procurement, and Construction (EPC) Services:

• Complete project design and engineering
• Equipment procurement and supply chain management
• Construction and commissioning of the solar power facility

Operations and Maintenance (O&M) Services:

• Three-year maintenance contract post-commissioning
• Ongoing operational support and system optimization
• Performance monitoring and technical services

Project Timeline and Execution

Pace Digitek has committed to completing the entire 300 MW solar power project within 15 months from commencement. This timeline demonstrates the company's confidence in its execution capabilities and project management expertise for large-scale renewable energy installations.

The order represents a significant business opportunity for Pace Digitek Limited, positioning the company as a key player in India's expanding solar energy sector. The combination of EPC and extended O&M services provides a comprehensive revenue stream spanning both project execution and long-term operational phases.

Pace Digitek Limited has successfully incorporated a new subsidiary company to strengthen its position in the renewable energy sector. The subsidiary, named PACE ECOPLANET SOLACE PRIVATE LIMITED, was incorporated on January 05, 2026, and will serve as a Special Purpose Vehicle for executing orders from Maharashtra State Power Generation Company Limited.

Subsidiary Incorporation Details

The newly incorporated subsidiary has received its Certificate of Incorporation from the Registrar of Companies of Ministry of Corporate Affairs, Central Registration Centre. The key incorporation parameters are outlined below:

Shareholding Structure and Investment

Pace Digitek Limited will hold a controlling stake in the subsidiary through a strategic shareholding arrangement. The investment will be made through cash consideration for equity participation.

Business Scope and Operations

The subsidiary will operate in the renewable energy sector with a comprehensive business mandate. PACE ECOPLANET SOLACE PRIVATE LIMITED will focus on multiple aspects of energy solutions and equipment manufacturing.

The company's business activities will include:

• Manufacturing and assembly of energy storage devices
• Production of solar panels and related equipment
• Development of batteries and power generation devices
• Import and export operations for energy equipment
• Manufacturing of power supplies, generators, and chargers
• Production of sub-assemblies and components for energy systems

Strategic Purpose and Market Position

The subsidiary establishment represents Pace Digitek's strategic expansion into renewable energy project execution. As a Special Purpose Vehicle, PACE ECOPLANET SOLACE PRIVATE LIMITED will specifically handle orders from Maharashtra State Power Generation Company Limited, enabling focused project management and execution capabilities.

The incorporation aligns with the company's growth strategy in the renewable energy sector, providing dedicated resources for large-scale power generation projects. This structure allows for specialized operations while maintaining the parent company's core business focus.

Regulatory Compliance

The subsidiary incorporation has been completed in full compliance with regulatory requirements. The company has fulfilled all necessary approvals from the Ministry of Corporate Affairs and has obtained the required Certificate of Incorporation. As a related party transaction, the subsidiary will maintain appropriate governance structures and compliance protocols as per SEBI regulations.