Synopsis:- Pace Digitek gained attention after securing a major BESS contract from NLC India Renewables. The order strengthens the company’s position in India’s growing energy storage sector while adding strong visibility to its execution pipeline.
A Bengaluru-based infrastructure solutions company stepped into the national spotlight after it disclosed a contract of extraordinary scale from a public sector renewable energy entity, one that signals both the deepening of India’s energy storage ambitions and the emergence of a credible domestic BESS player capable of executing at grid scale.
With a market capitalization of approximately Rs. 3,810 crore, shares of Pace Digitek Limited were last trading around Rs. 178 on the NSE. The stock carries a P/E of approximately 15x and a 52-week range of Rs. 231.95 to Rs. 139.81.
Order Update
Pace Digitek has been awarded a contract by NLC India Renewables Limited (NIRL) for the design, engineering, supply (excluding power transformers), manufacturing, forwarding, unloading, site storage, erection, testing, and commissioning on a turnkey basis of a cumulative 250 MW/500 MWh Battery Energy Storage System. The project spans three substations Ottapidaram SS, Annupankulam SS, and Kayathar SS all in Tamil Nadu.
The total contract value is Rs. 710 crores, including GST, with the completion of Commercial Operation Declaration (COD) for the full capacity expected within 12 months of the Letter of Award. Beyond that, Pace Digitek takes on 12 years of comprehensive Operation & Maintenance from the date of COD, embedding a long-duration annuity-like revenue tail into what might otherwise appear to be a pure EPC contract.
The order is a domestic, non-related-party transaction. For a company with nine-month FY26 revenue of Rs. 1,545 crore, a single order of this size carries meaningful weight both in terms of near-term order book accretion and as a validation of the company’s BESS execution credentials with a government-backed renewable entity.
Financial Snapshot & Business Overview
Pace Digitek Limited, incorporated in 2007 and listed on both BSE and NSE , operates as an integrated infrastructure solutions provider across two primary verticals: Energy (BESS and solar) and Telecom & ICT (tower infrastructure, OFC deployment, and managed services). The company operates three manufacturing facilities in Karnataka two at Kumbalgodu and one at Bidadi with current BESS manufacturing capacity of 2.5 GWh, being expanded in stages to 10 GWh.
Financially, the company’s trajectory has been remarkable. As of the nine months ended December 2025, consolidated revenue from operations stood at Rs. 1,544.5 crore, with a net profit of Rs. 201.3 crore. For Q3 FY26 specifically, consolidated revenue came in at Rs. 644 crore, up 13.5 percent year-on-year and 20.7 percent sequentially.
Consolidated PAT for Q3 FY26 was Rs. 78.8 crore, up 11.3 percent year-on-year. EBITDA margins held at 18.3 percent for the quarter. At the standalone level, Q3 FY26 revenue grew 7.3 percent year-on-year to Rs. 542 crore with PAT surging 39.1 percent to Rs. 93.3 crore.
The company’s total order book stood at Rs. 8,467.8 crore as of January 31, 2026, spanning energy BOO, EPC, supply contracts, and telecom infrastructure. The NIRL order adds materially to this base, extending revenue visibility well into FY28 and beyond when the O&M phase kicks in.
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