Pace Digitek’s Subsidiary Secures Rs. 997 Million Order for Battery Systems
Filing Summary
Pace Digitek Limited’s material subsidiary, Lineage Power Private Limited, has received an order valued at Rs. 997 million from Advait Greenergy Private Limited. The order involves the supply of LFP Battery Energy Storage Systems and related equipment. The contract specifies that the initial delivery must occur within 102 days from the effective date, with full completion by April 15, 2026. This development is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction is not classified as a related party transaction.
Pace Digitek Limited has announced that its material subsidiary, Lineage Power Private Limited, has secured an order from Advait Greenergy Private Limited. The order is valued at Rs. 997 million, inclusive of taxes, and pertains to the supply of LFP Battery Energy Storage Systems and other related equipment. This update is provided in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The financial terms of the order specify a total consideration of Rs. 997 million. This amount includes all applicable taxes. The order does not involve any related party transactions, and there is no interest from the promoter or promoter group in the entity awarding the contract. The transaction is conducted at arm’s length.
The scope of the order includes the purchase and supply of LFP Battery Energy Storage Systems and related equipment as detailed in Purchase Order Number NBEEPO2635002. The equipment is to be delivered on a D.A.P basis, with specific terms outlined in the purchase order. The order is domestic in nature, awarded by a domestic entity, Advait Greenergy Private Limited.
The timeline for the execution of the order is clearly defined. The initial delivery is scheduled to occur within 102 days from the effective date of the order. The first 50% of the BESS DC blocks must be supplied by March 15, 2026. The remaining system components are to be delivered by April 15, 2026, completing the order within a total of 133 days from the effective date.
Advait Greenergy Private Limited is engaged in the renewable energy sector, focusing on sustainable energy solutions. The company is involved in projects that enhance energy efficiency and promote the use of green technologies.
Pace Digitek Limited is focused on providing advanced technology solutions, including energy storage systems and infrastructure development. The company prioritizes innovation and strategic growth in the technology and energy sectors, aiming to expand its market presence through significant contracts and partnerships.