MARKETS

Pace Digitek Subsidiary Bags Rs 199.4-Crore L&T Order; Shares End Nearly 1% Lower

pace digitek
Under the timeline, the first set of supplies must be delivered within 102 days of the effective date.

Shares of Pace Digitek Ltd ended nearly 1% lower on 26th November, even though the firm said that Lineage Power Private Limited, its materials subsidiary, has secured an order worth Rs 199.4 crore from Larsen & Toubro Limited (Construction).

The order is for supplying Battery Energy Storage Systems (BESS) for Bihar State Power Generation Company Limited’s project in Kajra.

Pace Digitek said the scope includes LiFePo4 liquid-cooling BESS integrated containers. There are a total of 2,75,825 units to be supplied for the Kajra site.

The company added that execution will begin once manufacturing clearance is received, with delivery to be completed before March 2026.

Earlier this month, the company secured a Rs 929.76 crore order from Maharashtra State Power Generation Company Limited. This order is for a 200 MWAC solar power project, including three years of operations and maintenance.

At 3:30 PM, shares of Pace Digitek ended 0.87% lower at Rs 215.25 on NSE.

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