Synopsis: A small-cap telecom infrastructure company gained attention after bagging a major BSNL BharatNet contract for the Sikkim Telecom Circle. The order boosts long-term revenue visibility, strengthens its government project pipeline, and reinforces its growing position in integrated digital infrastructure and telecom network execution.
Shares of a Bengaluru-based integrated infrastructure company grabbed attention after it disclosed a large government contract to build out critical telecom backbone infrastructure in one of India’s most remote and strategically sensitive states, underlining the company’s ability to execute in challenging geographies.
With a market capitalization of Rs. 3,900 crore, the shares of Pace Digitek Limited were trading at Rs. 182 per share, with a 52-week range of Rs. 231.95 to Rs. 139.81. It is trading at a P/E of 15x.
Order Update
Pace Digitek has secured a contract from Bharat Sanchar Nigam Limited valued at Rs. 264.65 crore (including GST) for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network of BharatNet in the Sikkim Telecom Circle. The project carries an execution timeline of 1,095 days from the appointed date, translating to roughly three years of sustained revenue recognition.
The order is a meaningful one by the company’s own scale. For a company that reported nine-month FY26 consolidated revenue of Rs. 1,544.5 crore, this single contract adds a visible and recurring revenue stream while also deepening its relationship with BSNL, one of its most important institutional clients. The Sikkim project is not merely a supply-and-forget engagement; the operation and maintenance component means the company stays embedded in the project well beyond initial deployment.
BSNL already features prominently in the company’s existing order book, with tower infrastructure EPC contracts worth Rs. 1,610 crore and telecom power equipment supply orders totaling Rs. 188.8 crore, making this latest win a natural extension of an already strong partnership rather than a fresh foray.
The order also speaks to the broader BharatNet mission of connecting underserved regions with high-speed internet, placing Pace Digitek squarely in the middle of one of India’s most critical digital public infrastructure programs.
Financial Snapshot & Business Overview
Pace Digitek is a Bengaluru-based integrated infrastructure solutions provider focused on Telecom & ICT and Energy Solutions. The company manufactures telecom power systems and battery energy storage systems (BESS) while executing turnkey EPC and long-term O&M projects. In Q3 FY26, revenue rose 13.5 percent YoY to Rs. 644 crore, with EBITDA at Rs. 117.9 crore and PAT growing 11.3 percent to Rs. 78.8 crore. For 9M FY26, revenue stood at Rs. 1,544.5 crore and net profit at Rs. 201.3 crore.
As of January 2026, the total order book stood at Rs. 8,467.8 crore, providing strong multi-year revenue visibility. The company is also aggressively expanding its BESS manufacturing capacity toward 10 GWh and strengthening its renewable energy presence through subsidiary TransGreenX Energy.
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