Business Update7 May 2026, 08:01 pm
Pace Digitek Bags ₹7,019.54 Million BESS Project from DVC
AI Summary
Pace Digitek Ltd has received multiple contracts aggregating to ₹7,019.54 Million (including GST) from Damodar Valley Corporation (DVC) for a 250MW / 500MWh Battery Energy Storage System (BESS) project at Maithon, Jharkhand. The contracts include supply of plant and equipment, EPC services, and a 12-year comprehensive Operation & Maintenance (O&M) for the project. The order is domestic in nature and is to be executed within 18 months for supply and EPC scope, with a 12-year O&M contract period.
Key Highlights
- Pace Digitek secures ₹7,019.54 Million order from Damodar Valley Corporation for BESS project.
- The project includes supply, EPC services, and 12-year O&M for a 250MW/500MWh BESS.
- The order comprises a ₹5,737.28 Million supply contract, ₹574.26 Million EPC contract, and ₹708.00 Million O&M contract.
- The project is to be executed within 18 months for supply and EPC, with a 12-year O&M period.
- The company confirms no related party transactions or promoter interest in the order.