Pace Digitek Limited announced on Wednesday the receipt of a significant domestic solar EPC order worth ₹375.7 crore from Bondada Engineering Limited, marking a key milestone in its renewable energy expansion strategy.

Project Specifications and Scope

Under the comprehensive agreement, Pace Digitek will execute Balance of System (BOS) works for a 300 MW AC solar power project. The contract encompasses a wide range of services designed to deliver a complete solar infrastructure solution.

Comprehensive Service Portfolio

The project scope includes end-to-end engineering and design services, along with complete procurement and EPC capabilities. The company will handle:

• Manufacturing and supply of solar components
• Erection and installation services
• Testing and commissioning activities
• Operations and maintenance support for three years post-commissioning

Strategic Significance

Management emphasized that this order underscores the company's growing capabilities in handling large-scale solar infrastructure projects. The contract reinforces Pace Digitek's strategic focus on expanding its renewable energy footprint across India's rapidly growing solar market.

Market Performance

Shares of Pace Digitek Limited ended 1.33% lower at ₹174.99 on the NSE ahead of the announcement, reflecting typical market movements prior to major corporate announcements.

Pace Digitek Limited has secured a landmark contract worth ₹3,757.25 crore from Bondada Engineering Limited for the development of a 300 MW AC solar power project. The company announced this significant achievement through an official press release dated January 14, 2026, marking a defining moment in its renewable energy sector expansion.

Project Scope and Contract Details

The comprehensive order encompasses Balance of System (BOS) works for the solar power installation:

Service Components and Execution

The contract includes comprehensive Engineering, Procurement, and Construction (EPC) services covering:

Engineering & Design:

• Complete project design and engineering
• Site development and technical planning
• Full design specifications and documentation

EPC Services:

• Manufacturing, inspection, and supply of equipment
• Insurance, transport, and storage management
• Erection, installation, testing, and commissioning

Operations and Maintenance:

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

Management Commentary

Commenting on the development, Chairman & Managing Director Mr. Venugopal Rao Maddisetty stated: "Securing this ₹3,757.25 Million mandate for a 300 MW solar project marks a defining moment in our growth trajectory within the renewable energy sector. This partnership with Bondada Engineering underscores our technical expertise in executing complex, large-scale EPC projects."

He further emphasized the company's commitment to delivering the project within the 15-month timeline while strengthening India's green energy infrastructure through robust engineering and reliable operations.

Strategic Impact

This major order reinforces Pace Digitek's position in the renewable energy segment and supports its strategic focus on expanding its footprint across solar and energy infrastructure projects in India. The company operates across telecom passive infrastructure, power electronics, renewable energy, energy storage solutions, and ICT solutions from its Bengaluru headquarters.

Through its subsidiary Lineage Power Private Limited, Pace Digitek manufactures advanced DC power systems and battery energy storage systems from facilities in Karnataka, serving customers across India and select international markets.