Order Win
Pace Digitek Wins ₹709.9 Crore BESS EPC & Long-Term O&M Contract from NLC India Renewables
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Pace Digitek Limited has secured a Battery Energy Storage System (BESS) EPC and long-term Operations & Maintenance contract worth ₹7,099 million from NLC India Renewables Limited for a 250 MW / 500 MWh BESS project in Tamil Nadu.
PRICE-SENSITIVE TRIGGER
Event: Pace Digitek received a large-scale BESS EPC and long-term O&M order from NLC India Renewables.
Type: Order Win / Renewable Energy Infrastructure Contract
Impact: Positive
Immediate Effect: The order significantly strengthens Pace Digitek’s energy storage portfolio, improves long-term revenue visibility through O&M services, and boosts execution scale in the utility-scale BESS segment.
Key Metrics:
- Total contract value: ₹7,099 million (₹709.9 crore) including GST
- Project size: 250 MW / 500 MWh Battery Energy Storage System (BESS)
- EPC execution timeline: 12 months
- O&M contract tenure: 12 years post COD
- FY27 YTD energy segment order wins: ₹14,119 million
- Cumulative energy segment order wins: ₹97,869 million
Highlight Metric:
- Key Highlight: ₹709.9 crore utility-scale BESS EPC and long-term O&M contract from NLC India Renewables.
What Happened ?
Pace Digitek Limited informed exchanges that it has secured a Letter of Award from NLC India Renewables Limited for implementation of a 250 MW / 500 MWh Battery Energy Storage System project in Tamil Nadu.
The project includes complete EPC execution excluding power transformers along with 12 years of comprehensive Operations & Maintenance services. The order spans multiple locations including Ottapidaram, Anuppankulam and Kayathar substations.
The company highlighted that this marks its second BESS order win for FY27 and further expands its cumulative BESS portfolio to over 5 GWh.
Key Details
Contract Scope:
- Design, engineering and manufacturing-linked supply.
- Installation, testing and commissioning of BESS infrastructure.
- Civil, structural and associated infrastructure works.
- Long-term comprehensive O&M support for 12 years after COD.
Project Information:
- Client: NLC India Renewables Limited (NIRL).
- Project size: 250 MW / 500 MWh.
- Project locations: Ottapidaram SS, Anuppankulam SS and Kayathar SS in Tamil Nadu.
- Execution timeline for EPC: 12 months from Letter of Award.
Strategic Importance:
- Strengthens Pace Digitek’s position in utility-scale BESS deployment.
- Expands lifecycle revenue visibility through long-duration O&M services.
- Enhances execution scalability in large-format energy storage projects.
- Reinforces vertical integration strategy across EPC, manufacturing and system integration.
- Cumulative BESS portfolio now exceeds 5 GWh.
Note:
- The order combines EPC execution with long-term O&M engagement, providing recurring service revenue opportunities beyond project commissioning.
Risk Analysis
Key Risks:
- Timely execution of a large multi-location BESS project.
- Dependence on supply chain and component availability.
- Working capital requirements may increase during execution.
- Margin pressure from cost fluctuations in energy storage systems.
- Long-term O&M performance obligations extend over 12 years.
Worst Case Scenario:
- Any delay in commissioning, cost escalation, or operational underperformance in long-term maintenance obligations could affect profitability and cash flow realization.
Risk Level: Medium
Company Commentary
- The project strengthens Pace Digitek’s presence in utility-scale energy storage.
- The contract leverages the company’s manufacturing, system integration and lifecycle support capabilities.
- The order reflects growing confidence of leading sector players in the company’s execution and technical expertise.
- The company remains well positioned in the evolving BESS infrastructure segment.
Official Exchange Filing: Pace Digitek Limited