Pace Digitek Limited (NSE:PACEDIGITK) filed an exchange intimation on 21 August 2026 disclosing that its material subsidiary, Lineage Power Private Limited, has received a Letter of Award worth Rs 929.25 million, including GST, from Kalpa Power Private Limited for the supply and commissioning support of a 100 MWh Battery Energy Storage System.
Key Highlights
- Lineage Power Private Limited, a material subsidiary of Pace Digitek Limited, received the Letter of Award from Kalpa Power Private Limited for a domestic contract.
- The contract covers supply and commissioning support of a Battery Energy Storage System of 100 MWh capacity, valued at Rs 929.25 million including GST.
- The order is to be fully executed by 31 December 2026, as disclosed in the Annexure A filed under Regulation 30 of SEBI LODR Regulations, 2015.
- Pace Digitek confirmed that neither the promoter nor promoter group has any interest in Kalpa Power Private Limited, and the contract is not a related party transaction.
About the Company
Pace Digitek Limited (NSE:PACEDIGITK), formerly Pace Digitek Private Limited, is headquartered at Plot No. V-12, Industrial Estate, Kumbalgodu, Mysore Highway, Bangalore, Karnataka. The company, incorporated in 2007 under CIN L31909KA2007PLC041949, operates in the power electronics and energy infrastructure sector, with Lineage Power Private Limited as a material subsidiary engaged in energy storage and power systems.
Announcement in Detail
In a filing dated 21 August 2026 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Pace Digitek Limited disclosed that its material subsidiary, Lineage Power Private Limited, has received a Letter of Award from Kalpa Power Private Limited. The awarded contract is for the supply and commissioning support of a Battery Energy Storage System with a capacity of 100 MWh.
The total consideration under the contract is Rs 929.25 million, inclusive of GST. The order has been awarded by a domestic entity, Kalpa Power Private Limited, and the filing confirms no promoter or promoter group interest exists in the awarding entity. The contract is to be completed by 31 December 2026, as specified in Annexure A submitted alongside the intimation.
Impact on Investors
Investors will note that the order is booked at the material subsidiary level, Lineage Power Private Limited, rather than directly by the listed parent. The filing shows the contract value stands at Rs 929.25 million including GST, with a defined execution timeline ending 31 December 2026. Shareholders will observe that timely completion within this relatively compressed schedule carries execution risk, as any delay could affect revenue recognition and subsidiary performance.
The disclosed terms confirm the transaction is not a related party contract and carries no promoter interest in the awarding entity, which addresses a key governance consideration. Investors should review the official exchange filing for full contractual terms before drawing conclusions about the financial contribution to consolidated revenue.
Sector / Market Context
India's energy storage sector has gained policy momentum under the Ministry of New and Renewable Energy's National Framework for Promoting Energy Storage Systems. The government's push to add grid-scale Battery Energy Storage System capacity as part of its broader renewable integration targets has increased domestic procurement activity, creating opportunities for power electronics and energy infrastructure companies operating in this space.