StockWatch
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Telecom - Infrastructure
MoU10 Jul 2026, 05:10 pm

Pace Digitek Subsidiary Signs BESS Supply MOU

AI Summary

Pace Digitek Limited's material subsidiary, Lineage Power Private Limited, has entered into a Memorandum of Understanding (MOU) with Bondada Renewable Energy Private Limited. The agreement is for the supply of Battery Energy Storage Systems (BESS), including various components like DC Blocks, C&I BESS cabinets, Residential BESS, PCS, EMS, and battery containers. The transaction is with a domestic entity and does not involve any shareholding or related party transactions. The specific commercial terms and consideration are detailed within the MOU.

Key Highlights

  • Subsidiary Lineage Power signs MOU with Bondada Renewable Energy.
  • Agreement for supply of Battery Energy Storage Systems (BESS).
  • Includes components like DC Blocks, cabinets, PCS, EMS, and containers.
  • Transaction is with a domestic entity.
  • No related party transactions or shareholding involved.