BENGALURU, India – November 26, 2025 – Pace Digitek Limited (BSE: 544550, NSE: PACEDIGITK), in a significant regulatory filing today, announced that its material subsidiary, Lineage Power Private Limited, has secured a substantial contract valued at ₹1,994.20 Million (including taxes) from the construction arm of engineering behemoth Larsen & Toubro Limited.
Key Details of the Contract Award
The purchase order (PO No: LE/LE25M512/POD/25/000008), dated November 24, 2025, pertains to a critical energy infrastructure project for the Bihar State Power Generation Company Limited (BSPGCL) at its Kajra site.
The scope of work for Lineage Power involves the supply of advanced Battery Energy Storage Systems (BESS). Specifically, the order includes the supply of 55 units of LiFePo4 (Lithium Iron Phosphate) Liquid Cooling BESS integrated Containers, with a total capacity of 2,75,825 kWhr.
Aggressive Execution Timeline
The company has outlined a stringent timeline for the execution of this project. According to the disclosure, manufacturing clearance is targeted for December 2025, with complete delivery mandated before March 2026. This indicates a rapid turnaround for a project of this scale and technological complexity.
Strategic Significance for Pace Digitek
This order is strategically significant for Pace Digitek Limited for several reasons:
- Substantial Revenue Visibility: The order size of approximately ₹199.42 Crores provides significant revenue visibility for the company and its subsidiary in the near term.
- Domain Expertise Validation: Securing a contract from a highly reputable and demanding client like Larsen & Toubro serves as a strong validation of Lineage Power’s technical capabilities and product quality in the high-growth energy storage sector.
- Focus on Clean Energy: The order aligns with India’s national push towards modernizing its power infrastructure and integrating renewable energy, positioning Pace Digitek’s subsidiary as a key player in the clean energy transition.
Contract Details
- Awarding Entity: Larsen & Toubro Limited, Construction (p. 2).
- Nature of Order: Supply of Battery Energy Storage Systems (BESS) including LiFePo4 Liquid cooling BESS integrated containers for the Kajra, Bihar site (pp. 1-2).
- Quantity: 55 units totaling 2,75,825 kWhr (p. 2).
- Value: ₹1,994.20 million (approx. ₹199.42 crore) (pp. 1-2).
- Execution Timeline: Delivery is expected upon manufacturing clearance by December 2025 and completion before March 2026 (p. 2).
- Related Parties: The transaction does not involve any related party transactions or interest from the promoter/promoter group in the entity that awarded the order (p. 3).
The company has confirmed that this contract does not constitute a related party transaction and that its promoters have no interest in the entity awarding the order.
Investors and market watchers are likely to view this announcement positively, as it underscores the company’s ability to secure large-scale, high-value projects from top-tier industrial conglomerates.
https://nsearchives.nseindia.com/corporate/PACE_26112025123055_ReceiptofOrderLandT.pdf
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