Pace Digitek Wins Major Energy Storage Contract
Pace Digitek Limited has announced the receipt of a large utility-scale battery energy storage project from Damodar Valley Corporation. The project involves setting up a 250 MW / 500 MWh Battery Energy Storage System at Maithon in Jharkhand.
The total value of the contract stands at approximately ₹7,020 million, including applicable taxes. The order includes complete execution responsibilities ranging from design and engineering to supply, installation and operational support.
The latest order further strengthens the company’s growing presence in India’s renewable energy infrastructure and energy storage industry, which is witnessing increasing investments as power systems shift toward cleaner energy sources.
Project Scope Covers EPC and Long-Term Operations
According to the company, the project includes a comprehensive Engineering, Procurement and Construction (EPC) package along with long-term operations and maintenance responsibilities.
The scope of work includes:
- Design and engineering of the storage facility
- Supply of battery systems and related equipment
- Civil and structural infrastructure development
- Installation and commissioning activities
- Testing and grid integration
- Long-term operation and maintenance services
The project also includes evacuation infrastructure and associated support systems required for smooth power management and storage operations.
Execution Timeline Extends Over 12 Years
Pace Digitek stated that the EPC and supply portion of the contract is expected to be completed within around 18 months.
After commissioning, the company will continue to manage the project under a 12-year operation and maintenance agreement. This long-duration maintenance component is expected to provide continued operational engagement for the company over the life of the project.
Battery energy storage systems are becoming increasingly important for balancing renewable power generation, particularly solar and wind energy, where generation levels can fluctuate depending on weather conditions.
Growing Focus on Battery Energy Storage
India’s energy transition plans have significantly increased demand for utility-scale battery storage projects. Energy storage systems help improve grid stability, support renewable integration and enhance energy reliability during peak demand periods.
The latest DVC project adds to Pace Digitek’s growing portfolio in this segment. The company stated that its overall battery energy storage project portfolio has now crossed 5 GWh across multiple applications, including renewable integration and grid support systems.
The company has been expanding its presence in the energy infrastructure segment through integrated execution capabilities involving manufacturing, EPC services and lifecycle maintenance operations.
Company Highlights Expansion Strategy
Management indicated that the order reinforces the company’s integrated business model across manufacturing and project execution. The company also highlighted that energy storage is becoming a critical component of future power infrastructure development in India.
With increasing renewable capacity addition across the country, large-scale storage projects are expected to play an important role in balancing electricity supply and demand.
The latest contract is also being viewed as an important addition to the company’s FY27 order inflows after a strong project pipeline reported during the previous financial year.
Share Price Movement After Announcement
Following the project announcement, Pace Digitek shares moved higher during market trading. Investors tracked the development closely as the company continues to secure orders linked to renewable energy and battery storage infrastructure.
The order adds visibility to the company’s execution pipeline and expands its exposure to India’s fast-growing clean energy ecosystem.
Conclusion
Pace Digitek’s ₹702 crore order from Damodar Valley Corporation marks a major addition to its energy storage business portfolio. The project strengthens the company’s role in utility-scale battery infrastructure and highlights the increasing importance of energy storage solutions in India’s evolving renewable energy landscape. With long-term operational responsibilities included in the contract, the project is expected to remain a key part of the company’s energy segment activities over the coming years.
Summary
Pace Digitek Limited has received a major order worth ₹702 crore from Damodar Valley Corporation (DVC) for a large-scale Battery Energy Storage System (BESS) project in Jharkhand. The contract includes engineering, procurement, construction, testing, commissioning and long-term maintenance services for a 250 MW / 500 MWh storage facility at Maithon. The project marks another significant development for the company in India’s rapidly expanding renewable energy and energy storage market. Following the announcement, Pace Digitek shares gained more than 4% during trading sessions as investors tracked the company’s growing order pipeline in the clean energy segment.
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