Pace Digitek secures ₹702 cr BESS contract from DVC
pre-market1 source ↓written by the desknot a recommendation
- contract from Damodar
- ₹702 crore
- for supply
- 18 months
- agreement
- 12-year maintenance
Pace Digitek Ltd. has won a ₹702 crore contract from Damodar Valley Corporation for a 250 MW/500 MWh Battery Energy Storage System project in Jharkhand. This marks the company's first BESS order for fiscal year 2027, enhancing its manufacturing capabilities in the energy storage sector.
The project will span 18 months for supply and EPC phases, followed by a 12-year maintenance agreement. This contract supports Pace Digitek's strategy to strengthen its position amid cash flow concerns in the industry.
Not investment advice. For informational purposes only.