Pace Digitek Subsidiary Secures ₹1,587 Million Order from Reliance
Filing Summary
Pace Digitek Ltd announced that its material subsidiary, Lineage Power Private Limited, has received a purchase order valued at ₹1,587 million, inclusive of GST, from Reliance Industries Limited. The order involves the supply of Li-ion battery packs, specifically 48V 15S1P 314 AH, with delivery scheduled by August 31, 2026. This transaction does not involve any related party interests. The order is domestic, and no related party transactions are involved. This update is in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements.
Pace Digitek Ltd has informed BSE Limited and the National Stock Exchange of India Ltd about a significant purchase order received by its material subsidiary, Lineage Power Private Limited. The order, valued at ₹1,587 million including GST, was awarded by Reliance Industries Limited. The order pertains to the supply of battery packs, specifically Li-ion 48V 15S1P 314 AH. The delivery is expected to be completed by August 31, 2026.
The purchase order was issued under PO NO. I03/440051481. The transaction is classified as domestic, with no involvement of related party transactions. The company has confirmed that neither the promoter nor the promoter group has any interest in the entity awarding the order. This update is provided in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The order from Reliance Industries Limited involves the supply of specific battery packs, indicating a focus on energy solutions. Reliance Industries is a major player in various sectors, including energy, petrochemicals, and telecommunications. The company is known for its strategic investments in technology and infrastructure.
Pace Digitek Ltd, formerly known as Pace Digitek Private Limited and Pace Digitek Infra Private Limited, focuses on providing technology-driven solutions. The company prioritizes expanding its capabilities in the energy sector through its subsidiaries. This order aligns with its strategic objectives to enhance its market presence in the energy solutions domain.