Synopsis: Small-cap infrastructure player surged 5 percent after securing a Rs 1,775 crore KREDL order for a solar and BESS project at Pavagada Solar Park.
The shares of this company, which is involved in the manufacturing, installation, and commissioning of DC Power systems, lithium batteries, monitoring systems, and inverterss are in focus after an order from Karnataka Renewable Energy Development Limited
With a market capitalization of Rs 4,260 crore, Pace Digitek Ltd’s shares on Wednesday made a day high of Rs 202.85 per share, up by 4.8% from its previous day’s close price of Rs 193.55 per share. The shares of this company have given a negative return of 12% since its listing in October 2025.
Significant Order
Pace Digitek Ltd has secured an order worth approximately Rs 1,775 crore (including GST) from Karnataka Renewable Energy Development Limited (KREDL) for the development of a Solar PV project at Pavagada Solar Park in Karnataka.
The development project includes a 250 MWAC Solar PV plant along with a 250 MW/1,100 MWh Battery Energy Storage System (BESS) at Pavagada Solar Park in Karnataka.
The project is to be executed within 18 months from signing the relevant agreements, and once commissioned, it will be operated and maintained for a period of 25 years based on the terms, conditions, and provisions of the Request for Selection (RfS) and Power Purchase Agreement.
This project further strengthens the company’s robust order book, which stood at Rs 8,467.8 crore as of January 31, 2026. The Energy segment accounts for Rs 6,004.2 crore, comprising EPC, supply, and BOO projects. Meanwhile, the Telecom and ICT segment contributes Rs 2,463.7 crore, spanning tower infrastructure and OFC, telecom power equipment, tower infrastructure EPC, and related services.
Pace Digitek Limited is an integrated infrastructure solutions provider operating across the Telecom & ICT and Energy verticals. The Company delivers end-to-end solutions spanning manufacturing, deployment, and long-term operations and maintenance, supporting mission-critical infrastructure for energy systems, telecom networks, and digital ecosystems.
In the Telecom & ICT segment, Pace Digitek delivers integrated solutions covering tower infrastructure, optical fibre cable networks, and telecom power systems. Its Energy division focuses on BESS, BOO-based solar projects, telecom tower solarisation, and lithium-ion battery manufacturing. The company operates three manufacturing facilities spanning over 250,000 sq. ft. of infrastructure.
Financial Highlights: The revenue from operations grew by 14 percent YoY at Rs 644 crore in Q3 FY26, corresponding to the same quarter in the last financial year. Accompanied by a net profit growth of 8 percent Rs 78.8 crore in Q3 FY26.
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