Latest news about Pace Digitek
Pace Digitek
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More news about Pace Digitek
25Aug 26
Pace Digitek wins ₹92.9 crore BESS order from Kalpa Power
Pace Digitek secures ₹92.9 crore order from Kalpa Power for 100 MWh BESS project. Total disclosed order book rises to ₹6,799.07 crore across 13 orders. Backlog covers 9.38 quarters of average revenue, providing earnings visibility. Q1FY27 revenue stood at ₹583.70 crore with net profit of ₹62.50 crore.
24Aug 26
Pace Digitek to host analyst meet at DAM Capital conference
Pace Digitek to hold analyst meet on August 27, 2026. Event is part of DAM Capital Renewable Energy Conference. Interactions include group and one-on-one sessions. Meeting scheduled for 10:00 am in Mumbai. Only public domain information will be discussed.
21Aug 26
Pace Digitek subsidiary wins ₹929.25 million order from Kalpa Power
Pace Digitek's subsidiary received an order valued at ₹929.25 million from Kalpa Power. The contract covers a 100 MWH battery energy storage project. The project is scheduled for completion by December 31, 2026.
19Aug 26
Pace Digitek Q1 Results: Revenue up 51% YoY to ₹5,554 crore
Pace Digitek reported Q1FY27 revenue of ₹5,554 crore, up 51.3% YoY, driven by its energy segment which contributed 79.5% of sales. Net profit rose 14.3% to ₹625 crore. The order book grew to ₹108,033 crore, supported by strong BESS execution and telecom infrastructure demand. The company aims to scale BESS manufacturing capacity to 10 GWh by FY27 end.
07Aug 26
Pace Digitek revenue surges 51% in Q1FY27 as BESS capacity doubles
Pace Digitek's Q1FY27 results show strong top-line growth of 51.3% to ₹5,554 mn, driven by the Energy segment. PAT increased 14.3% to ₹625 mn, while EBITDA rose 7.5% to ₹861 mn. The company expanded BESS capacity to 5 GWh and maintains a robust order book of ₹108,033 mn.
06Aug 26
Pace Digitek Q1 Results: Investor call held for Q1FY27 financials
Pace Digitek Limited held its Q1FY27 investor earnings call on August 6, 2026, discussing unaudited consolidated and standalone results. The session complied with SEBI LODR regulations, and the audio recording is now available on the corporate website for stakeholder review.
05Aug 26
Pace Digitek doubles BESS capacity to 5 GWh with new line
Pace Digitek Limited's subsidiary Lineage Power Private Limited commissioned an additional 2.5 GWh BESS manufacturing line on August 04, 2026, doubling the Group's total capacity to 5 GWh. This expansion builds on a track record of manufacturing over 300 utility-scale containers in the past year and aims to enhance execution capabilities for utility-scale and Commercial & Industrial projects amidst rising demand for battery energy storage solutions in India.
02Aug 26
Pace Digitek to host Q1FY27 earnings call on Aug 6
Pace Digitek Limited announced an investor conference call scheduled for August 6, 2026, at 12:00 PM IST to discuss its Q1FY27 financial results. The call, hosted by Anand Rathi Research, will feature key executives including Chairman Venugopal Rao Maddisetty and CFO Rajavendhan P.
22Jul 26
Pace Digitek subsidiary sets up R&D center in Pune
Pace Digitek announced that its subsidiary Lineage Power has established the Pace-Lineage Research Center in Pune to focus on Advanced Chemistry Cells and energy storage solutions. The company has partnered with IISER Pune for research on battery materials, aiming to support indigenous technology development and strengthen the local supply chain.
20Jul 26
Pace Digitek Unit LPPL Expands Strategic Cooperation with MEGMEET for AI Data Center Power Infrastructure in India
Pace Digitek's subsidiary Lineage Power Private Limited has expanded its strategic cooperation with MEGMEET Electrical India Private Limited, announced on July 20, 2026, to support AI data center power infrastructure capabilities in India. The partnership leverages LPPL's BESS manufacturing and system integration strengths alongside MEGMEET's advanced power electronics, extending their existing 5+ year telecom power alliance into the AI data center domain.
04Jul 26
Pace Digitek to showcase BESS at India Energy Storage Week 2026
Pace Digitek Limited and its subsidiary Lineage Power Private Limited are set to participate in the 12th India Energy Storage Week (IESW) 2026, scheduled from July 8 to July 10 at the India International Convention & Expo Centre in New Delhi. The company will showcase its Battery Energy Storage System (BESS) and related solutions at Hall 1, Stall No. 4.
30Jun 26
Pace Digitek unit advances BESS capacity to 10 GWh by Q3 FY27
Pace Digitek reported a 10.1% YoY rise in PAT to ₹307.3 crore for FY26, with revenue increasing 8.3% to ₹2,641.3 crore. The company's order book stands at ₹11,338 crore, including 5.32 GWh of executable energy orders. Its subsidiary, Lineage Power, is expanding BESS manufacturing capacity to 10 GWh by Q3 FY27, with an additional 2.5 GWh line expected to be commissioned in July 2026.
24Jun 26
Pace Digitek seeks nod for RPTs worth ₹5,595 crore
Pace Digitek Limited has initiated a postal ballot to seek shareholder approval for material related party transactions aggregating ₹5,595 crore with subsidiaries Lineage Power, Pace Ecoplanet Solace, and Inso Pace for FY 2026-27. The ballot also includes a resolution for the PDL ESOP 2026, proposing 20,00,000 options. Remote e-voting is scheduled from June 23, 2026, to July 22, 2026, with results expected by July 24, 2026.
19Jun 26
Pace Digitek to host investor plant visit on June 23
Pace Digitek Limited will facilitate a plant visit for investors and analysts on June 23, 2026, at Lineage Power Private Limited in Bangalore. The interaction will be conducted on a group basis, and only public domain information will be shared.
18Jun 26
Pace Digitek to host analyst meet on June 23 in Mumbai
Pace Digitek Limited has scheduled an analyst and institutional investor meet for June 23, 2026, at St. Regis, Mumbai, starting at 09:00 A.M. IST. The company confirmed that only public domain information will be shared, with no unpublished price sensitive information disclosed.
06Jun 26
Pace Digitek discloses promoter shareholding for FY26
Pace Digitek Limited disclosed the shareholding details of its promoters and promoter group for the financial year ended March 31, 2026, confirming no encumbrance was created on shares during the period. Individual promoters Venugopalrao Maddisetty, Padma Maddisetty, Rajiv Maddisetty, and Lahari Maddisetty hold significant stakes, while most other promoter group members hold zero shares.
05Jun 26
Pace Digitek FY26 revenue rises 8.3% to ₹26,413 million
Pace Digitek reported an 8.3% increase in FY26 revenue to ₹26,413 million, with PAT growing 10.1% to ₹3,073 million. Q4 performance was strong, with revenue surging 60.5% to ₹10,968 million. The company's order book stands at ₹113,379 million, driven by 5.32 GWh of BESS executable orders. Management projects revenue of ₹32,000-34,000 million for FY27 and ₹40,000-42,000 million for FY28.
04Jun 26
Pace Digitek FY26 PAT rises 10.1% to ₹307 crore on strong execution
Pace Digitek Limited reported a 10.1% year-on-year increase in profit after tax (PAT) to ₹307 crore for the financial year ended March 31, 2026, with revenue from operations growing 8.3% to ₹2,641 crore. For Q4 FY26, revenue stood at ₹1,097 crore and net profit at ₹106 crore. The company operationalized 2.5 GWh BESS manufacturing capacity and delivered 178 containers during the year. The total executable order book stands at ₹11,338 crore as on May 25, 2026, with the Energy segment contributing 78.1%. The company maintained its revenue guidance of ₹3,200–3,400 crore for FY27 and ₹4,000–4,200 crore for FY28.
28May 26
Pace Digitek FY26 net profit rises 5.7% to ₹3,072.64 million
Pace Digitek reported a consolidated net profit of ₹3,072.64 million for FY26, up 5.7% YoY. Revenue from operations increased to ₹26,412.70 million.
27May 26
Pace Digitek approves two RPTs, rejects four
Pace Digitek Limited sought shareholder approval for six material related party transactions via a postal ballot conducted under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders approved resolutions for Pace Renewable Energies Private Limited and Transgreenx Energy Private Limited with a 99.94% majority, while rejecting four other resolutions involving Lineage Power Private Limited, Pace Ecoplanet Solace Private Limited, Inso Pace Private Limited, and Lanarsy Infra Limited. The postal ballot process, overseen by scrutinizer Mr. Pramod. S, involved 81,801 shareholders as on the record date of April 21, 2026.
21May 26
Pace Digitek Secures Rs 2,646.5 Mn BSNL Order for Sikkim
Pace Digitek Ltd has received a contract worth Rs. 2,646.50 Million from Bharat Sanchar Nigam Limited (BSNL) for the design, supply, construction, installation, upgradation, operation, and maintenance of the BharatNet middle-mile network in the Sikkim Telecom Circle. The project is scheduled for completion within 3 years, bringing the company's total executable order book to over Rs. 110,000 million.
18May 26
Pace Digitek Wins ₹7,099.19 Million BESS EPC Contract
Pace Digitek Limited received a contract worth Rs. 7,099.19 Million from NLC India Renewables Limited for a 250 MW / 500 MWh BESS project. The scope includes turnkey EPC services and 12 years of O&M, with execution scheduled over 12 months from the Letter of Award date.
08May 26
Pace Digitek Secures ₹7,019.54 Million BESS Supply, Erection and O&M Contracts from Damodar Valley Corporation
Pace Digitek Limited has secured BESS supply, EPC, and 12-year O&M contracts worth ₹7,019.54 million (including GST) from Damodar Valley Corporation for a 250 MW / 500 MWh project at Maithon, Jharkhand. The contracts comprise a supply contract of ₹5,737.28 million, an EPC services contract of ₹574.26 million, and an O&M contract of ₹708.00 million, marking the company's first BESS order win for FY2027 and expanding its BESS portfolio to over 5 GWh.
26Apr 26
Pace Digitek Issues Postal Ballot Notice for ₹9,397 Cr RPTs with Six Entities
Pace Digitek Limited published newspaper advertisement disclosure regarding postal ballot notice for material related party transactions worth ₹9,397 crore with six entities including subsidiaries and related parties. The e-voting process runs from April 24-May 25, 2026, with MUFG Intime India Private Limited facilitating the remote voting process.
25Apr 26
PACE Digitek Signs Exclusive OEM Deal with NEC XON Systems for Southern Africa
PACE Digitek has signed an exclusive Original Equipment Manufacturer agreement with NEC XON Systems Proprietary Limited, granting exclusive distribution rights for battery energy storage systems across five Southern African markets. The partnership enables international expansion while combining PACE Digitek's manufacturing capabilities with NEC XON's regional market access and project execution expertise.
16Apr 26
Pace Digitek Limited Announces ₹64,597 Million Order Inflows for FY26 Under Regulation 30
Pace Digitek Limited officially announced substantial order inflows of ₹64,597 million for FY26 through a Regulation 30 press release, with energy business emerging as the key growth driver contributing ₹58,147 million across BOO, EPC and supply contracts from agencies like NTPC, SECI and MAHAGENCO, while telecom segment adds ₹6,450 million from clients including BSNL and Indian Railways.
10Apr 26
PACE Digitek Achieves Manufacturing Milestone With 178 BESS Units Delivered By March 2026
Pace Digitek Limited achieved a significant manufacturing milestone with its subsidiary Lineage Power Private Limited delivering 178 containerized Battery Energy Storage System units by March 2026. The company operationalized approximately 2.5 GWh capacity in October 2025 and has developed comprehensive integrated capabilities across the BESS value chain, positioning itself as an integrated player in manufacturing, EPC and energy storage deployment.
08Apr 26
Pace Digitek Limited Announces Resignation of Senior Management Personnel
Pace Digitek Limited announced the resignation of Mr. Sunil Jayam, Business Head – Energy, effective May 30, 2026. The resignation was submitted on March 30, 2026, and accepted on April 07, 2026, with personal reasons cited as the cause. The company has ensured full regulatory compliance under SEBI regulations and will formally note the resignation in the upcoming Board Meeting.
03Apr 26
Pace Digitek Receives Credit Rating Reaffirmation from Crisil with Enhanced Bank Facilities
Pace Digitek Limited received credit rating reaffirmation from Crisil Ratings Limited on April 02, 2026, maintaining its A-/Stable long-term and A2+ short-term ratings. The total bank loan facilities rated were enhanced from Rs.1000 crore to Rs.1400 crore, comprising various banking arrangements including bank guarantees, cash credit facilities, and proposed working capital facilities across institutions like Canara Bank and HDFC Bank. The company has complied with SEBI disclosure requirements by informing stock exchanges about this development.
02Apr 26
Pace Digitek Limited Submits SEBI Compliance Certificate for Q4FY26
Pace Digitek Limited filed its quarterly SEBI compliance certificate under Regulation 74(5) for Q4FY26 on April 02, 2026. The certificate, issued by registrar MUFG Intime India Private Limited, confirms proper dematerialisation processes and adherence to prescribed timelines for the quarter ended March 31, 2026.
02Apr 26
PACE Digitek Wins ₹494.5 Crore NTPC BESS Contract, Order Book Swells to ₹11,020 Crore
PACE Digitek has won a major ₹494.54 crore Battery Energy Storage System (BESS) EPC contract from NTPC Limited for implementation at Nabinagar Super Thermal Power Station in Bihar. The comprehensive 15-month project includes supply, installation, and 11-year maintenance of 200 MW/400 MWh BESS infrastructure, expanding the company's consolidated order book to ₹11,020 crore across diversified infrastructure segments.
26Mar 26
Pace Digitek Limited Secures Rs. 226.42 Million Contract from North Western Railway for Lattice Towers
Pace Digitek Limited has secured a Rs. 226.42 Million contract from North Western Railway for providing Lattice Towers in connection with UHF/LTE & KAVACH Work across 996.24 KM of Jodhpur division routes. The domestic contract must be executed within 18 months and involves no related party transactions or promoter group interests.
13Mar 26
Pace Digitek Limited to Participate in Bharat Connect Conference on March 18, 2026
Pace Digitek Limited will participate in the Bharat Connect Conference: Rising Stars on March 18, 2026, from 2:00 to 3:00 PM via virtual mode. The conference is organized by Arihant Capital Markets Limited and represents a group interaction format. The company has announced this participation under Regulation 30 of SEBI Listing Obligations, confirming that only publicly available information will be discussed without sharing any unpublished price-sensitive details.
11Mar 26
Pace Digitek Limited Schedules Investor-Analyst Plant Visit for March 20, 2026
Pace Digitek Limited has scheduled an investor and analyst plant visit for March 20, 2026, starting from 9 AM at the Lineage Power Systems facility in Bidadi Industrial Area, Bangalore. The group interaction will be conducted in physical mode, with company officials referring only to publicly available information and ensuring no unpublished price-sensitive data is shared. The event timing remains flexible and subject to change based on potential exigencies from either the company or participating investors and analysts.
04Mar 26
Pace Digitek Limited Announces Resignation of Senior Management Personnel
Pace Digitek Limited announced the resignation of Mr. Sathya Seelan T, Head – ICT – Technical & Operations, effective March 06, 2026. The senior management personnel cited personal reasons and career change plans for his departure. The company has complied with SEBI disclosure regulations and the resignation will be acknowledged in the upcoming Board Meeting.
24Feb 26
PACE Digitek Subsidiary Wins ₹1,587.10 Million Telecom Battery Contract from RIL
Pace Digitek Limited announced that its material subsidiary Lineage Power Private Limited has won a major purchase order worth ₹1,587.10 million from Reliance Industries Limited for supplying 50,000 units of 48V 15S1P 314AH lithium-ion battery packs designed for telecom backup applications. This significant contract strengthens the company's consolidated order book to approximately ₹104,906 million and reinforces its position as a trusted provider of critical energy infrastructure in India's telecommunications sector.
19Feb 26
Pace Digitek Limited Secures Rs. 890.69 Million Contract from RailTel Corporation for Video Surveillance Systems
Pace Digitek Limited has secured a major contract worth Rs. 890.69 million from RailTel Corporation of India Limited for IP-based video surveillance systems in LHB coaches. The domestic contract includes supply, installation, commissioning, 3-year warranty, and 5-year maintenance services, to be executed within 8 months with no related party transactions involved.
17Feb 26
Pace Digitek Reports Strong Q3FY26 Results with 13.5% Revenue Growth
Pace Digitek reported robust Q3FY26 financial performance with revenue of Rs. 644 crores (13.5% YoY growth) and PAT of Rs. 79 crores. The company delivered 400 MWh BESS capacity, expanded manufacturing to target 10 GWh by September 2026, and maintains strong order book of Rs. 8,400 crores with pipeline of Rs. 4,000 crores in energy segment.
09Feb 26
Pace Digitek Limited Submits Monitoring Agency Report for Q3FY26 IPO Proceeds Utilization
Pace Digitek Limited submitted its Q3FY26 monitoring agency report showing utilization of Rs 2,265.20 million from IPO proceeds of Rs 8,191.48 million during the quarter ended December 31, 2025. The funds were used primarily for capital expenditure on battery energy storage systems project (Rs 613.40 million), general corporate purposes (Rs 949.80 million), and issue expenses (Rs 702.00 million). CRISIL Ratings Limited reported no deviations from stated objects, with Rs 5,926.28 million remaining unutilized and deployed in term deposits earning 4.25% to 6.20% returns.
09Feb 26
Pace Digitek Reports Strong Q3FY26 Results with 13.5% Revenue Growth and Rs. 84,678 Mn Order Book
Pace Digitek reported impressive Q3FY26 financial performance with consolidated revenue reaching Rs. 6,440 Mn, representing 13.5% year-on-year growth. The company maintained strong profitability with PAT of Rs. 788 Mn and continues to demonstrate operational excellence with a substantial order book of Rs. 84,678 Mn across energy and telecom segments.
20Jan 26
Pace Digitek subsidiary secures ₹94.35 crore order from BSNL for Li-Ion battery solutions
Pace Digitek's subsidiary Lineage Power secured a ₹94.35 crore order from BSNL for Li-Ion battery solutions including 25,000 modules and 2,500 weather-resistant racks. The five-year contract strengthens BSNL's telecom infrastructure and enhances Pace Digitek's order book visibility with long-term service revenue potential. The company recently also won a ₹375.70 crore solar EPC order, demonstrating diversified growth across telecom and renewable energy sectors.
20Jan 26
Pace Digitek Secures ₹943.50 Crore Contract from BSNL
Pace Digitek Limited has won a significant contract worth ₹943.50 crores from Bharat Sanchar Nigam Limited (BSNL). This major order represents an important business milestone for the telecommunications equipment manufacturer and strengthens its position in India's telecom infrastructure sector. The contract demonstrates BSNL's confidence in Pace Digitek's capabilities and is expected to contribute substantially to the company's revenue pipeline.
19Jan 26
Pace Digitek Wins Major Order Worth ₹94 Crores
Pace Digitek Limited has successfully won a major order worth ₹94.00 crores, marking a significant business achievement for the telecom equipment and infrastructure services company. This substantial contract addition strengthens the company's order book and demonstrates its competitive positioning in the telecommunications sector.
14Jan 26
Pace Digitek Secures ₹375.7 Crore Solar EPC Order from Bondada Engineering
Pace Digitek Limited secured a major ₹375.7 crore solar EPC order from Bondada Engineering Limited for a 300 MW AC solar power project. The comprehensive contract includes Balance of System works, complete engineering and procurement services, installation, and three-year maintenance support, scheduled for completion within 15 months.
06Jan 26
Pace Digitek Forms New Subsidiary as SPV for MSPGCL Renewable Energy Project
Pace Digitek Limited has incorporated a new subsidiary, PACE ECOPLANET SOLACE PRIVATE LIMITED, on January 05, 2026, as a Special Purpose Vehicle for renewable energy projects. The company will hold a 60% stake with 6,000 equity shares at ₹10.00 face value, focusing on manufacturing energy storage devices, solar panels, and power generation equipment for Maharashtra State Power Generation Company Limited orders.
02Jan 26
PACE Digitek Subsidiary Lineage Power Wins ₹94.35 Crore BSNL Contract for Li-ion Modules
PACE Digitek Limited announced through regulatory filing that its subsidiary Lineage Power Private Limited won a prestigious ₹94.35 crore contract from BSNL for supplying 25,000 lithium-ion battery modules and 2,500 IP55-rated racks. The comprehensive agreement includes advanced technical specifications with battery sets ranging from 300AH to 1200AH capacity, 5-year warranty followed by 5-year AMC, and rigorous TSEC/TAC certification compliance.
01Jan 26
Pace Digitek Unit Secures ₹94.35 Crore Order From BSNL for Li-ion Battery Systems
Pace Digitek Limited's material subsidiary Lineage Power Private Limited has secured a major ₹94.35 crore advance purchase order from BSNL for telecommunications infrastructure. The comprehensive contract includes supply of 25,000 Li-ion battery modules, 2,500 IP55 racks, and 5-year AMC services, with execution scheduled within 5 months and long-term revenue commitments spanning over a decade.
24Dec 25
Pace Digitek Incorporates Wholly-Owned Subsidiary Lineage Defence And Aerospace
Pace Digitek has completed the incorporation of its new wholly-owned subsidiary, Lineage Defence And Aerospace, representing a significant strategic move to diversify beyond its traditional telecom equipment and infrastructure services business into the defence and aerospace sectors.
23Dec 25
PACE Digitek Forms New Defence & Aerospace Subsidiary
Pace Digitek Limited has formed a wholly-owned subsidiary, Lineage Defence And Aerospace Private Limited, with an authorized capital of ₹10.00 lakh. The new entity will manufacture EMI/EMC equipment for the defence sector, focusing on areas such as defence-grade shelters, aerospace components, cybersecurity solutions, and communication systems. The subsidiary will also engage in R&D, offer professional and technical services, and seek strategic partnerships for technology development and market expansion.
16Dec 25
Pace Digitek Board Approves Formation of Multiple Subsidiaries
Pace Digitek Limited's Board of Directors has approved the formation of several subsidiary companies as part of its strategic growth plan. The approvals include a regular subsidiary with up to 60% stake, two wholly-owned subsidiaries, and two step-down wholly-owned subsidiaries through TransGreenx Energy. The company will provide further details about these proposed subsidiaries as events unfold, in compliance with SEBI regulations.
09Dec 25
CRISIL Upgrades Pace Digitek's Credit Rating to A-/Stable, Signaling Financial Strength
CRISIL Ratings has upgraded Pace Digitek Limited's credit rating from BBB+/Stable to A-/Stable for its Rs. 1,000 crore bank loan facilities. The company's subsidiary, Lineage Power Private Limited, also received an A-/Stable rating for its Rs. 200 crore facilities. The upgrade reflects improved financial risk profile due to a Rs. 400 crore private placement, Rs. 819 crore IPO proceeds, and repayment of a Rs. 250 crore intercorporate loan. This enhancement in creditworthiness may lead to lower borrowing costs and increased investor confidence.
03Dec 25
Pace Digitek's Subsidiary Secures Rs. 997.10 Million Battery Storage Contract
Lineage Power Private Limited, a material subsidiary of Pace Digitek Limited, has been awarded a contract worth Rs. 997.10 million by Advait Greenergy Private Limited. The contract is for an LFP Battery Energy Storage System and related equipment. The delivery is scheduled in two phases, with 50% of BESS DC blocks due by March 15, 2026, and the remaining system by April 15, 2026. This contract signifies a notable achievement for Pace Digitek in the energy storage sector and could potentially strengthen its market position and financial performance.
26Nov 25
PACE Digitek Secures Major Energy Projects, Boosts Order Book to INR 9,135 Crores
PACE Digitek has reported significant growth in its order book, now totaling INR 9,135.00 crores. The company secured two major contracts: a INR 1,159.00 crore battery energy storage project from SECI and a INR 920.00 crore solar EPC project from MAHAGENCO. In Q2, PACE Digitek reported revenue of INR 900.00 crores with a PAT margin of 13.61%. The company plans to double its battery energy storage capacity to 10 gigawatt hours and has provided FY26 revenue guidance of INR 2,600.00-2,700.00 crores.
23Nov 25
Pace Digitek Limited Expands into Renewable Energy with New Subsidiary
Pace Digitek Limited has incorporated a wholly owned subsidiary, TRANSGREENX ENERGY PVT LIMITED, on November 22, 2025. The new entity, with CIN U35105KA2025PTC211174, will focus on the renewable energy sector. It aims to identify, acquire, develop, and manage energy and infrastructure projects, participating in both government and private sector initiatives. The subsidiary will operate under various models including BOO and BOOT, signaling Pace Digitek's strategic expansion into sustainable energy solutions.
17Nov 25
Pace Digitek Secures Rs 929.7 Crore Solar Power Plant Contract from MSPGCL, Projects Strong Revenue Growth
Pace Digitek Limited (PDL) has secured a contract worth Rs 929.7 crore from Maharashtra State Power Generation Company Limited (MSPGCL) for a 200MW AC grid-connected ground-mounted solar PV power plant. The project includes design, engineering, manufacturing, supply, erection, installation, testing, commissioning, and three years of operation and maintenance services. The execution timeline is 450 days. PDL reported securing orders worth Rs 5,869 crore in the energy sector over the past year and aims to increase its order book to Rs 8,000 crore by March 2026. The company projects operational revenue of Rs 2600-2700 crore for FY26 with 12% PAT margins, and Rs 3100-3200 crore for FY27 with 11-12% PAT margins.
15Nov 25
Pace Digitek Reports Mixed Q2 Results: Revenue Declines, Telecom Segment Remains Strong
Pace Digitek Limited reported a 37% decrease in revenue to ₹5,334.49 million and a 32.7% drop in net profit to ₹641.00 million for Q2 FY2025. The telecom segment remains the primary revenue driver, contributing ₹4,168.41 million. The energy segment showed significant growth, with revenue increasing to ₹1,735.62 million. The company plans to acquire the remaining 6.13% stake in its subsidiary, Pace Renewable Energies Private Limited.
28Oct 25
Pace Digitek Targets ₹25 Billion Revenue by FY28, Expands into BESS Manufacturing
Pace Digitek Limited announced Q1 FY26 financial results with 7.28% YoY revenue growth to ₹3,670.79 million and 10.26% PAT increase to ₹546.98 million. The company has established a new BESS manufacturing facility in Bidadi, Karnataka, and is expanding globally with projects in Africa and Asia. Pace Digitek aims for ₹25 billion revenue by FY28, leveraging its integrated Manufacturing-EPC-O&M model. The telecom segment remains the primary revenue generator, while the energy division is poised for growth with the new BESS facility.
28Oct 25
Pace Digitek Reports 10% PAT Growth in Q1, Secures Major BESS Order
Pace Digitek Limited, a Bengaluru-based telecom and energy infrastructure provider, reported a 10.26% YoY increase in Q1 PAT to ₹546.98 crore. The company secured a ₹1,159 crore order from SECI for a 600 MW/1,200 MWh BESS project. Pace Digitek recently completed its IPO, raising ₹819.15 crore, with shares debuting at a 4% premium. The company plans to invest ₹630 million in its subsidiary for the MSEDCL BESS project and aims to balance its portfolio with a 50% renewable energy share.
27Oct 25
Pace Digitek Reports Robust Q1 FY26 Performance with Doubled Profit After Tax
Pace Digitek Limited announced impressive Q1 FY26 results. Standalone total income increased by 7.69% to ₹3,396.65 million, while profit after tax surged 106.73% to ₹510.40 million. Consolidated revenue grew 7.28% to ₹3,670.79 million, with PAT up 10.26% to ₹546.98 million. Standalone basic EPS rose 73.33% to ₹2.86. The results, approved on October 25, 2025, showcase the company's operational efficiency and strong market position in the digital technology sector.
25Oct 25
Pace Digitek Reports Strong Q1 FY26 Results, Approves New Subsidiary Formation
Pace Digitek Limited, a major player in Energy and Telecom sectors, reported robust Q1 FY26 results with 7.28% YoY revenue growth to ₹3,670.79 crore and 10.26% YoY increase in PAT to ₹546.98 crore. The Telecom segment remained the primary revenue driver, contributing ₹3,421.19 crore. The company's Board approved the formation of a new wholly owned subsidiary, subject to regulatory approvals. Pace Digitek recently completed its IPO of ₹8,191.48 million, with shares listed on NSE and BSE from October 6, 2025.
23Oct 25
Pace Digitek Secures Massive Rs. 1,159 Crore BESS Order from Solar Energy Corporation of India
Pace Digitek Limited has won a significant order worth Rs. 1,159.31 crores from Solar Energy Corporation of India Ltd (SECI) for a 600 MW/1200 MWh Battery Energy Storage System (BESS). The contract includes design, supply, implementation, and 10-year maintenance of the BESS. The project will be completed in phases, with 50% capacity to be commissioned within 14 months and full capacity within 16 months from the contract's effective date. This order strengthens Pace Digitek's position in the energy storage sector and aligns with India's renewable energy goals.
18Oct 25
Pace Digitek Limited Faces Penalties for CSR Non-Compliance
Pace Digitek Limited received a penalty order from the Registrar of Companies for failing to meet Corporate Social Responsibility (CSR) obligations. The company and its officer, Venugopal Rao Maddisetty, face total penalties of INR 53,26,590 and INR 2,66,330 respectively for violations in financial years 2020-21, 2021-22, and 2023-24. Pace Digitek voluntarily disclosed the non-compliance before listing and states the order has no impact on its financial or operational activities. The company has scheduled a board meeting on October 25, 2025, to review Q2 financial results.
08Oct 25
Pace Digitek Secures ₹185.87 Crore Maintenance Contract from Tata Teleservices
Pace Digitek Limited has secured a significant Operation and Maintenance (O&M) contract from Tata Teleservices valued at ₹185.87 crore. The contract, spanning 3.5 years with a possibility of extension, begins in October 2025 and covers OSP fiber network maintenance and ISP services across five South Indian states: Andhra Pradesh, Telangana, Karnataka, Kerala, and Tamil Nadu. Rajiv Maddisetty, Whole-time Director of Pace Digitek, expressed pride in the company's selection for this critical contract.
07Oct 25
Morgan Stanley Acquires Stake in Pace Digitek as Brokerage Sets 75% Upside Target
Morgan Stanley purchased approximately 12 lakh shares of Pace Digitek, a renewable and telecom infrastructure company, in the open market. Arihant Capital initiated coverage on Pace Digitek with a Buy rating and a target price of Rs 385.00, representing a 75.00% upside. Pace Digitek operates in Battery Energy Storage Systems (BESS) and telecom infrastructure sectors, with a 5 GWh BESS facility in Bangalore. The company has secured orders for 2.8 GWh with execution visibility through FY26. Growth drivers include India's renewable energy targets and projected BESS capacity growth.
06Oct 25
PACE DIGITEK Shares Debut Strong on Market Opening
Pace Digitek's shares began trading on the Indian stock market at ₹225.00, a 2.74% premium over its IPO price of ₹219.00. The strong opening indicates positive investor sentiment towards the company. However, the company's long-term performance remains to be seen as it navigates its new status as a publicly traded entity.
Industry Peers
Indus Towers
HFCLPace Digitek
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Kore Digital
375.90
(-1.43%)
215.71
(+2.99%)
156.17
(+1.87%)
2,660.00
(+1.04%)
1.15
(+0.88%)
649.40
(-2.24%)
78.50
(0.0%)
78.75
(-10.00%)
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