Pace Digitek Secures Massive Rs. 1,159 Crore BESS Order from Solar Energy Corporation of India

Pace Digitek Limited , a key player in the energy storage sector, has clinched a significant order worth Rs. 1,159.31 crores from Solar Energy Corporation of India Ltd (SECI). The contract involves the supply of a 600 MW/1200 MWh Battery Energy Storage System (BESS), marking a substantial development in India's renewable energy landscape.

Contract Details

The comprehensive contract encompasses a wide range of responsibilities for Pace Digitek:

Aspect	Details
Project Scope	Design, supply, and implementation of 600 MW/1200 MWh BESS
Key Components	BESS DC blocks, HVAC, fire protection systems, power conversion systems, battery management systems, energy management systems
Additional Services	Integration, testing, commissioning, and plant performance demonstration
Maintenance	Comprehensive maintenance for 10 years post-commissioning

Project Timeline

The project has been structured with specific milestones:

Milestone	Supply Completion	Commissioning
50% Capacity	11 months	14 months
100% Capacity	13 months	16 months

Note: Timelines commence from the effective date of the Contract Agreement.

Significance of the Order

This order represents a significant step forward in India's commitment to renewable energy and grid stability. Battery Energy Storage Systems play a crucial role in managing the intermittency of renewable energy sources, ensuring a stable and reliable power supply.

For Pace Digitek Limited, this contract not only bolsters its order book but also cements its position as a key player in the energy storage sector. The project's scale and complexity underscore the company's capabilities in delivering large-scale energy solutions.

Market Implications

The substantial size of this order, at Rs. 1,159.31 crores (including GST), may have positive implications for Pace Digitek's financial outlook. Investors and market analysts might view this development as a strong indicator of the company's growth trajectory and its potential to secure similar large-scale projects in the future.

As India continues to push for greater adoption of renewable energy, companies like Pace Digitek that specialize in energy storage solutions are well-positioned to potentially benefit from the growing demand for BESS technology.

This project aligns with India's broader goals of enhancing its renewable energy capacity and improving grid reliability. It also reflects the increasing importance of energy storage in the country's power sector planning and development strategies.

As the project unfolds, it will be interesting to observe its impact on Pace Digitek's market position and the broader implications for India's renewable energy sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.24%	+7.20%	+2.10%	+2.10%	+2.10%	+2.10%

Pace Digitek Limited , a Bangalore-based company, has received a penalty order from the Registrar of Companies (RoC) for non-compliance with Corporate Social Responsibility (CSR) obligations. The order, dated October 17, 2025, addresses violations under Section 135(7) of the Companies Act, 2013, relating to the company's failure to meet mandatory CSR spending requirements.

Details of the Violation

Pace Digitek voluntarily filed for adjudication prior to its listing, disclosing its failure to fulfill CSR obligations within prescribed timelines for the financial years 2020-21, 2021-22, and 2023-24. Additionally, the company failed to transfer unspent amounts to Schedule-VII funds as required by law.

Penalties Imposed

The RoC has levied penalties on both Pace Digitek and one of its officers. The breakdown of penalties is as follows:

Financial Year	Penalty on Company (INR)	Penalty on Venugopal Rao Maddisetty (INR)
2020-21	14,79,394	73,970
2021-22	17,91,196	89,560
2022-23	0	0
2023-24	20,56,000	1,02,800
Total	53,26,590	2,66,330

It's worth noting that for the financial year 2022-23, the company had no violation as it spent in excess of its CSR obligation, which was adjusted against the next year's obligation.

Company's Response

In its disclosure to the stock exchanges, Pace Digitek stated that there is no impact on its financial or operational activities due to this order. The company had proactively filed a suo-motu application on January 8, 2025, regarding the non-compliance, demonstrating a willingness to address the issue.

Upcoming Board Meeting

In a separate announcement, Pace Digitek has scheduled a board meeting for October 25, 2025, to consider and approve the unaudited financial results for the quarter ended June 30, 2025. The company has also closed its trading window from October 6, 2025, in compliance with SEBI regulations on insider trading.

This incident highlights the importance of corporate governance and adherence to CSR regulations for listed companies in India. It also underscores the regulatory bodies' commitment to enforcing compliance with the Companies Act, 2013.