Pace Digitek Limited has announced the receipt of major contracts aggregating to ₹7,019.54 Million (including GST) from Damodar Valley Corporation (DVC). The notification, issued under Regulation 30 of SEBI (LODR), details the awarding of projects for a 250MW / 500MWh Battery Energy Storage System (BESS) located at Maithon, Jharkhand. These domestic contracts encompass a broad scope of work ranging from the supply of plant equipment and spare parts to long-term operation and maintenance services.

The awarded contracts are divided into three distinct components: a Supply Contract worth ₹5,737.28 Million, an EPC Services Contract for ₹574.26 Million, and an O&M Contract valued at ₹708.00 Million. The execution timeline for the supply and EPC phases is set within 18 months from the receipt of the Letter of Award, while the comprehensive operation and maintenance phase will span a period of 12 years. This project represents a significant addition to the company’s energy segment portfolio and aligns with national energy storage obligations.

Pace Digitek Limited, incorporated in 2007, is a prominent solution provider for the telecom infrastructure and renewable energy industries. The company specializes in the manufacturing, installation, and commissioning of DC power systems, lithium batteries, and optical fiber networks. In 2025, the company achieved a major milestone by successfully listing its equity shares on the stock exchanges on October 06, 2025, following a ₹819 Crore IPO. Recent updates from 2025 include a credit rating upgrade by CRISIL to ‘CRISIL A-/Stable’ in December, reflecting a strengthened financial risk profile and a robust order book that reached ₹9,135 Crore by November 2025.

For the third quarter of FY 2025-26, the company reported a revenue of ₹6,541.5 Million, representing a 15.32% increase compared to the same period in the previous year. Net profit for the quarter stood at ₹758.4 Million, a growth of 8.06% year-on-year. On a sequential basis, revenue saw a significant jump of 20.34%, while net profits rose by 18.35% compared to the preceding three-month period. The company’s shareholding pattern as of late 2025 shows healthy institutional interest, with mutual funds and foreign institutional investors (FIIs) holding stakes in the entity. Prominent institutional involvement is noted, although specific “famous” individual investors were not explicitly highlighted in the 2025 public disclosures.