Pace Digitek Secures ₹179.4 Crore Order from BSES Rajdhani Power for BESS Project
Pace Digitek Limited received a Letter of Intent (LOI) from BSES Rajdhani Power Limited for a BESS project. The order is valued at ₹179.4 Crore (₹1,794 Million) for a 57.5 MW/115 MWh capacity. The project involves design, supply, installation, and maintenance, with commissioning expected within 28 weeks.
The order value of ₹179.4 Crore is substantial and is expected to positively impact the company's financial performance. However, the exact impact will depend on the execution and profitability of the project.
The announcement details a significant new order, which is a positive development for the company's revenue and business prospects.
Pace Digitek Limited has announced the receipt of a significant Letter of Intent (LOI) from BSES Rajdhani Power Limited (BRPL). The order aggregates to ₹1,794 Million (₹179.4 Crore) and is for the design, supply, testing, installation, commissioning, operation, and maintenance of a Battery Energy Storage System (BESS).
The project involves an aggregate contracted capacity of 57.5 MW/115 MWh, to be installed at four grid station locations of BRPL. The BESS will be operated on demand basis.
The significant terms and conditions of the contract include the design, supply, testing, installation, commissioning, operation, and maintenance of the BESS. The order has been awarded by a domestic entity. The execution of the contract is expected to be completed within twenty-eight (28) weeks from the Effective Date of the BESSA, with the commissioning date being the key milestone. There is no indication of any interest from promoters or group companies in BSES Rajdhani Power Limited, and the contract does not fall under related party transactions.
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Pace Digitek Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Pace Digitek Limited. Read the original for the full detail.