Pace Digitek Subsidiary Secures 1994M Contract from L&T Construction
Filing Summary
Pace Digitek Limited’s material subsidiary, Lineage Power Private Limited, has been awarded a contract valued at 1,994 million by Larsen & Toubro Limited, Construction. The contract involves the supply of Battery Energy Storage Systems, including LiFePo4 Liquid cooling BESS integrated containers, for the Bihar State Power Generation Company Limited in Kajra. The order specifies a quantity of 2,75,825 kWhr across 55 units. The execution is scheduled for completion by March 2026, following manufacturing clearance by December 2025.
Pace Digitek Limited, through its material subsidiary Lineage Power Private Limited, has received a contract from Larsen & Toubro Limited, Construction. The order, valued at 1,994 million including taxes, is for the supply of Battery Energy Storage Systems. These systems include LiFePo4 Liquid cooling BESS integrated containers intended for the Bihar State Power Generation Company Limited’s Kajra site.
The contract specifies a supply quantity of 2,75,825 kWhr distributed across 55 units. The order is classified as a domestic contract. The execution timeline requires manufacturing clearance by December 2025, with complete delivery expected before March 2026.
There is no interest from the promoter or promoter group of Pace Digitek in the entity awarding the contract. Additionally, the transaction does not fall under related party transactions.
Larsen & Toubro Limited, Construction is a division of Larsen & Toubro Limited, focusing on large-scale infrastructure projects. The company is involved in various sectors, including power, infrastructure, and heavy engineering, providing comprehensive solutions for complex projects.
Pace Digitek Limited specializes in providing advanced technology solutions, particularly in the energy sector. The company focuses on expanding its capabilities in energy storage systems and enhancing its market presence through strategic contracts and partnerships.