Pace Digitek Subsidiary Signs Strategic MoU with Bondada Renewable
Pace Digitek's subsidiary, Lineage Power Private Limited (LPPL), signed a strategic MoU with Bondada Renewable Energy Private Limited. This agreement aims to strengthen LPPL's BESS product supply ecosystem. The MoU facilitates future collaboration on integrated BESS solutions for upcoming projects.
The MoU signifies a strategic collaboration that could lead to future business opportunities and revenue growth in the BESS sector, impacting the company's long-term prospects.
The announcement details a strategic partnership that is expected to strengthen the company's market position and product supply ecosystem in the growing energy storage sector.
Pace Digitek Limited announced that its subsidiary, Lineage Power Private Limited (LPPL), has entered into a Memorandum of Understanding (MOU) with M/s. Bondada Renewable Energy Private Limited. The agreement was signed during the 12th India Energy Storage Week (IESW) 2026, held at IICC, Yashobhoomi, New Delhi.
Under the terms of the MoU, LPPL will act as a preferred Battery Energy Storage System (BESS) supply partner, providing integrated BESS solutions including DC Blocks, C&I BESS cabinets, Residential BESS, PCS, EMS, and Battery containers for future projects. This collaboration is part of LPPL's strategy to strengthen its product-led growth and expand its BESS product supply ecosystem through partnerships.
Mr. Venugopal Rao Maddisetty, Chairman & Managing Director of Pace Digitek Limited, commented that this collaboration reflects the growing market acceptance of their integrated BESS solutions and their focus on expanding strategic partnerships to support India's clean energy transition.
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Pace Digitek Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. 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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