Pace Digitek gains after securing Rs 179 crore BESS project in Delhi

Pace Digitex added 2.31% to Rs 165.59 after the company received a letter of intent (LoI) from BSES Rajdhani Power (BRPL) for developing a 57.5 MW/115 MWh standalone battery energy storage system (BESS) in Delhi.

The project will be developed under a 12-year build, own, operate and transfer (BOOT) model, with an estimated capital outlay of Rs 179.4 crore. The scope of work includes the design, supply, testing, installation, commissioning, operation and maintenance of the battery energy storage system across four BRPL grid station locations. The project is scheduled to be executed within seven months.

Under the long-term Battery Energy Storage Service Agreement (BESSA), Pace Digitek will receive a fixed capacity tariff of Rs 47.05 lakh per MW per year, translating into annual contracted capacity revenue of around Rs 27.1 crore.

Venugopalrao Maddisetty, chairman & managing director, Pace Digitek, said: ?The BSES award is another important milestone in the development of our Energy business and marks our fifth utility-scale BOO/BOOT storage project. It reinforces the capabilities we have built across BESS manufacturing, project execution and long-term asset operations.?

Pace Digitek is an integrated infrastructure and energy solutions company operating across the Energy and Telecom & ICT business segments. The company operates across the value chain, spanning manufacturing, engineering, procurement & construction (EPC) and operations & maintenance (O&M) activities, supporting both project execution and product supply.

The company?s consolidated net profit jumped 14.28% to Rs 61.32 crore on 51.29% increase in net sales to Rs 555.36 crore in Q1 FY27 over Q1 FY26.

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