Pace Digitek Secures ₹179.4 Cr BESS Project from BSES Rajdhani Power
Pace Digitek received a ₹179.4 crore LOI from BSES Rajdhani Power for a 57.5 MW/115 MWh BESS project under a 12-year BOOT model. Execution is expected within seven months. The project will generate ₹27.1 crore annually. This increases the company's BOO/BOOT portfolio to 3.32 GWh.
The project's value of ₹179.4 crore and its strategic significance in expanding the company's utility-scale BOO/BOOT portfolio to 3.32 GWh, along with a 12-year BOOT model, indicates a material positive impact on the company's business and future revenue streams.
The announcement details a significant new order win for a utility-scale battery energy storage system project, which is expected to generate substantial revenue and expand the company's portfolio in a growing market segment.
Pace Digitek Limited has received a Letter of Intent (LOI) from BSES Rajdhani Power Limited (BRPL) for the design, supply, testing, installation, commissioning, operation, and maintenance of a Battery Energy Storage System (BESS) with an aggregate contracted capacity of 57.5 MW/115 MWh. This project, valued at approximately ₹179.4 crore, will be developed under a 12-year Build, Own, Operate, and Transfer (BOOT) model and is scheduled for execution within seven months.
This award marks Pace Digitek's fifth major utility-scale BOO/BOOT storage project, increasing its utility-scale BOO/BOOT portfolio to 3.32 GWh. Under the Battery Energy Storage Service Agreement (BESSA), Pace Digitek will receive a fixed capacity tariff of ₹47.05 lakh per MW per year, resulting in annual contracted revenue of ₹27.1 crore. This adds to recent wins, including a ₹488.6 crore order from NTPC GE Power Services Private Limited in September 2026.
The company has been strengthening its integrated energy storage platform, encompassing BESS manufacturing, system integration, equipment supply, EPC execution, and long-term ownership and operation of storage assets. Since the end of Q1 FY2027, Pace Digitek Group has secured an additional ₹761 crore in orders. The company aims to leverage India's growing renewable energy capacity, rising peak-power requirements, and the need for grid flexibility to expand its presence in the energy storage market.
Mr. Venugopal rao Maddisetty, Chairman & Managing Director of Pace Digitek Limited, stated that the BSES award is a significant milestone, reinforcing the company's capabilities in BESS manufacturing, project execution, and long-term asset operations. He emphasized the company's integrated capabilities as a strong foundation for participating in the structural growth of India's energy storage market, focusing on disciplined execution and scaling manufacturing capabilities.
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