Synopsis: Pace Digitek Ltd saw its stock move higher after securing a Rs. 1,159.31 crore order from Solar Energy Corporation of India Ltd for a 600 MW / 1200 MWh Battery Energy Storage System project.
A power and energy storage stock gained traction today after announcing a significant order from Solar Energy Corporation of India Ltd. The turnkey contract involves a 600 MW / 1200 MWh Battery Energy Storage System project, covering design, supply, integration, testing, and ten-year maintenance, underscoring robust demand in the energy storage sector.
Pace Digitek Ltd, with a market capitalization of Rs. 4,803.77 crore, opened at Rs. 219.45 and recorded an intraday high of Rs. 225.70 against a previous close of Rs. 219.75, reflecting a gain of 2.71 percent. The stock was recently listed on October 6th, 2025.
What’s the News?
The company has received an order worth Rs. 1,159.31 crore (including GST) from Solar Energy Corporation of India Ltd for the 600 MW / 1200 MWh Battery Energy Storage System (BESS) project. The turnkey scope includes complete design and engineering, supply of BESS DC blocks with HVAC/fire protection, power conversion system, battery management system, energy management system, integration of BMS and EMS with PCS, cabling, testing and commissioning of BESS components, plant performance demonstration, and trial operation. The contract also covers comprehensive maintenance of the system for ten years post-commissioning.
The project timelines are structured as follows: 50 percent of the awarded BESS capacity is to be supplied within 11 months, and full completion within 13 months. For the DC package, 50 percent completion is required in 14 months and full completion in 16 months from the date of the contract.
Financial Snapshot
For FY25, Pace Digitek’s sales grew marginally from Rs. 2,434 crore in FY24 to Rs. 2,439 crore, up 0.21 percent. Operating profit rose from Rs. 403 crore to Rs. 485 crore, an increase of 20.35 percent, while operating margin expanded from 17 percent to 20 percent. Profit before tax increased from Rs. 307 crore to Rs. 384 crore, a rise of 25.07 percent, and net profit grew from Rs. 230 crore to Rs. 279 crore, up 21.30 percent.
The stock trades at a P/E of 17.9, compared with an industry P/E of 17.9. Debt-to-equity stands at 0.14, ROCE at 41.3 percent, and ROE at 31.4 percent. Borrowings declined to Rs. 162 crore in FY25 from Rs. 494 crore in FY24.
About the Company
Pace Digitek Limited provides power management and energy solutions across India, Myanmar, and Africa. Its operations are divided into three segments: Telecom, Energy, and Others. The company offers solutions including Switch Mode Power Supply, Hybrid DC Power, DC Power Systems, solar products such as charge control units and inverters, lithium-ion battery systems, and battery and power cabinet products. Pace Digitek also provides installation, maintenance, warranty, and upgrade services, making it a key player in energy infrastructure and management solutions.
-Manan Gangwar
Inshorts: Pace Digitek Ltd gained 2.71 percent to hit an intraday high of Rs. 225.70 after winning a Rs. 1,159.31 crore turnkey order from SECI for a 600 MW / 1200 MWh Battery Energy Storage System project. The contract includes design, supply, integration, testing, and ten-year maintenance, strengthening the company’s energy storage portfolio.
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