Power Stock Jumps After Securing ₹702 Cr Order for Battery Energy Storage Project

Synopsis: A small-cap energy player bags its first battery storage order of FY27 from a state power utility, pushing its cumulative BESS portfolio past the 5 GWh mark.

A Bengaluru-based integrated energy solutions company has landed its first major order of the new fiscal year, securing a large-scale battery storage contract from one of India’s oldest power utilities. The deal marks a significant step in the company’s push to build a dominant position in India’s fast-growing energy storage space.

With a market cap of Rs. 4,085 Crore, the shares of Pace Digitek Ltd. are trading at a price of Rs. 189.2 per share i.e. 1.74% up from its previous closing price of Rs. 185.9. It currently trades at P/E of 16.3.

A Major BESS Win to Kick Off FY27

Pace Digitek Limited has secured a Letter of Award from Damodar Valley Corporation (DVC) for the supply, erection, and long-term operation and maintenance of a 250 MW / 500 MWh Battery Energy Storage System (BESS) project at Maithon, Jharkhand. The combined contract value stands at ₹702 crore (including GST), making it the company’s first BESS order win of FY2027.

The scope of work is comprehensive. Beyond supplying the battery storage system, Pace Digitek will handle design, engineering, manufacturing-linked procurement, installation, testing, and commissioning, along with associated civil, structural, and evacuation infrastructure. On top of that, the company has also been awarded a 12-year comprehensive operations and maintenance contract, giving it a long revenue tail well beyond the initial 18-month execution window.

This structure – spanning supply, EPC, and lifecycle services under a single contract – reflects the company’s vertically integrated model. Rather than acting purely as a contractor, Pace Digitek links its in-house manufacturing capacity directly to project execution, which the company says gives it tighter control over costs, timelines, and delivery quality.

The DVC win follows a strong FY2026 for the company on the energy order front. The company reported energy order inflows of ₹5,814.7 crore during the year, driven by rising demand for BESS and renewable-linked infrastructure. With this latest contract, Pace Digitek’s cumulative BESS project portfolio has now crossed 5 GWh, spanning utility-scale storage, renewable integration, and grid support applications.

Commenting on the order, Chairman and Managing Director Venugopal Rao Maddisetty said the DVC contract reinforces the company’s position in utility-scale energy storage and demonstrates the strength of its integrated manufacturing, EPC, and lifecycle services model. He added that as energy storage becomes central to renewable integration, the company is focused on scaling a manufacturing-led platform that enables disciplined delivery and long-term asset performance.

About Pace Digitek Limited

Pace Digitek is an infrastructure-focused EPC company engaged in power distribution, transmission, telecom infrastructure, and renewable energy projects across India. The company provides end-to-end engineering, procurement, and execution services for government and private sector clients. It benefits from rising investments in power infrastructure, rural electrification, smart grid development, and telecom network expansion. Pace Digitek is also expanding its presence in renewable energy and solar-related projects, positioning itself to capitalize on India’s long-term infrastructure and energy transition opportunities.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Power Stock Jumps After Securing ₹702 Cr Order for Battery Energy Storage Project appeared first on Trade Brains.