Order Win / Contract Award
Pace Digitek Bags Rs. 701.95 Crore BESS Project Order from DVC
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Pace Digitek received multiple contracts worth Rs. 701.95 crore from Damodar Valley Corporation (DVC) for a 250MW / 500MWh Battery Energy Storage System (BESS) project in Jharkhand.
PRICE-SENSITIVE TRIGGER
Event: Major BESS Project Order Win
Type: Order Win / Contract Award
Impact: Positive
Immediate Effect: The order strengthens Pace Digitek’s presence in the energy storage and EPC segment
Key Metrics:
- Total Contract Value: Rs. 701.95 crore
- Supply Contract: Rs. 573.73 crore
- EPC Services Contract: Rs. 57.42 crore
- O&M Contract: Rs. 70.80 crore
- Project Size: 250MW / 500MWh
- O&M Duration: 12 years
Highlight:
- Pace Digitek secured a large-scale BESS project order from DVC for Jharkhand
What Happened ?
Pace Digitek received multiple contracts from Damodar Valley Corporation for a Battery Energy Storage System (BESS) project at Maithon, Jharkhand.
The contracts include:
- Supply of plant and equipment
- EPC services
- Installation, testing and commissioning
- 12-year operation and maintenance services
The project execution timeline is within 18 months for supply and EPC scope.
key highlights
Project Details:
- Project location is Maithon, Jharkhand.
- Customer is Damodar Valley Corporation (DVC).
- The order is from a domestic entity.
- The project involves battery energy storage infrastructure.
- O&M contract duration is 12 years.
- Execution timeline is within 18 months from LoA receipt.
Note:
- The project strengthens the company’s position in India’s growing energy storage sector.
Risk Analysis
Key Risks
- EPC execution risk
- Timely commissioning risk
- Cost escalation risk
- Dependence on project execution efficiency
Worst Case Scenario
- Project delays or execution challenges could impact margins and cash flows.
Risk Level: Medium
Company Commentary
- Management highlighted the order as a significant business win.
- The company will handle supply, EPC, and long-term O&M services.
- Pace Digitek continues expanding in energy infrastructure projects.
Official Exchange Filing: Pace Digitek Limited