Pace Digitek
213.32
-6.02(-2.74%)
Market Cap₹4,734.50 Cr
PE Ratio16.61
Industry-
Company Performance:
1D-2.74%
1M+1.01%
6M-2.14%
1Y-2.14%
5Y-2.14%
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More news about Pace Digitek
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.
Pace Digitek
213.32
-6.02
(-2.74%)
1 Year Returns:-2.14%