Large Order Win
Pace Digitek Bags ₹709.9 Crore BESS Project from NLC India Renewables
NSE
PACEDIGITK
BSE
544550
Pace Digitek Limited has secured a large turnkey Battery Energy Storage System (BESS) project worth ₹709.9 crore from NLC India Renewables Limited (NIRL). The contract includes design, engineering, supply, commissioning, and 12 years of operation & maintenance for a 250MW/500MWh BESS project in Tamil Nadu.
PRICE-SENSITIVE TRIGGER
Event: Pace Digitek received a major BESS infrastructure contract from NLC India Renewables Limited.
Type: Large Order Win
Impact: Positive
Immediate Effect: The order significantly strengthens Pace Digitek’s position in India’s rapidly growing energy storage and renewable infrastructure segment.
Key Metrics:
- Total order value stands at ₹7,099.19 million (₹709.9 crore) including GST.
- Project involves a cumulative capacity of 250MW / 500MWh Battery Energy Storage System (BESS).
- Execution timeline for COD completion is 12 months from the Letter of Award.
- Operation & Maintenance contract extends for 12 years from COD.
Highlight Metric:
- Order Size: ₹709.9 crore
What Happened ?
Pace Digitek Limited announced that it has secured a large Battery Energy Storage System (BESS) project order from NLC India Renewables Limited (NIRL).
The project involves turnkey execution including design, engineering, manufacturing, supply, erection, testing, commissioning, and long-term maintenance for BESS facilities at Ottapidaram SS, Annupankulam SS, and Kayathar SS in Tamil Nadu.
The contract further includes comprehensive operation and maintenance support for 12 years after commercial operation declaration (COD).
Key Details
Project Scope:
- Project capacity: 250MW / 500MWh BESS system.
- Customer: NLC India Renewables Limited (NIRL).
- Locations:
- Ottapidaram SS
- Annupankulam SS
- Kayathar SS
- Tamil Nadu
- Scope includes:
- Design & engineering
- Supply of systems
- Manufacturing
- Site erection
- Testing & commissioning
- Long-term operation & maintenance
- Power transformer supply is excluded from the scope.
Execution Timeline:
- Entire project COD targeted within 12 months from Letter of Award.
- O&M services to continue for 12 years post COD.
Strategic Importance:
- The order positions Pace Digitek as a growing player in India’s utility-scale energy storage ecosystem, which is witnessing strong policy and renewable energy driven demand.
Note:
- The project is classified as a domestic order and is not related-party in nature.
Risk Analysis
Key Risks:
- Delays in project execution or commissioning.
- Supply chain disruptions in energy storage components.
- Technology and performance risks associated with BESS systems.
- Margin pressure due to raw material volatility.
- Long-term operational obligations under the 12-year O&M contract.
Worst Case Scenario:
- Any major delay, technical underperformance, or cost escalation could impact profitability and execution efficiency for the project.
Risk Level: Medium
Company Commentary
- Pace Digitek will execute the BESS project on a turnkey basis.
- The company will provide comprehensive operation & maintenance services for 12 years after COD.
- The project strengthens Pace Digitek’s participation in India’s renewable energy infrastructure segment.
- Management highlighted its capability in large-scale energy storage system execution.
Official Exchange Filing: Pace Digitek Limited