Pace Digitek subsidiary secures ₹488.46 Cr order from NTPC GE Power Services
Pace Digitek's subsidiary, Lineage Power, received an order worth ₹488.46 Crore from NTPC GE Power Services. The order involves supplying, delivering, and commissioning BESS Containers with BMS and EMS, including a 12-year maintenance contract. Execution is expected by December 31, 2026.
The order value is substantial and contributes to the company's order book, impacting future revenue and growth, but it's from a subsidiary and doesn't represent the entire company's financials.
The company has secured a significant new order, which is a positive development for its business prospects.
Pace Digitek Limited announced that its material subsidiary, Lineage Power Private Limited, has received a Letter of Award from NTPC GE Power Services Private Limited (NGSL).
The order, aggregating to ₹488.46 Crore (inclusive of taxes), is for the Supply, Delivery, Testing, and Supervision of Erection, Testing & Commissioning of 5.015 MWh BESS Containers along with BMS and EMS. The contract also includes a Comprehensive Maintenance Contract (CMC) for 12 years.
The order is to be executed by December 31, 2026. Neither the promoter, promoter group, nor any group companies of Pace Digitek have any interest in NGSL, and the order does not fall within related party transactions.
What to do with a filing like this
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.