Pace Digitek gains on major BESS order from L&T

Pace Digitek climbed 1.07% to ₹219.13 after its key subsidiary, Lineage Power, secured a significant product supply contract from Larsen & Toubro (Construction) for the Bihar State Power Generation Company’s Kajra project.

Under the agreement, Lineage Power will deliver Battery Energy Storage Systems (BESS), featuring liquid-cooled LiFePo4 integrated containers, totaling 2,75,825 kWh across 55 units. The contract is worth ₹1,994.20 million (₹199.42 crore) and will move into execution once manufacturing clearance is granted by December 2025, with full delivery targeted before March 2026.

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Pace Digitek clarified that neither its promoters nor the promoter group have any stake in L&T, confirming that the transaction is not a related-party deal. This order enhances Pace Digitek’s footprint in the renewable and energy-storage domain, reinforcing its role in supporting major power-sector initiatives in India.

The company primarily engaged in telecom infrastructure solutions such as towers and optical fibre systems, reported a 32.7% drop in consolidated net profit to ₹64.08 crore, alongside a 37% fall in operating revenue to ₹533.45 crore in Q2 FY26 versus Q2 FY25.