Pace Digitek’s Subsidiary Secures Rs. 943 Crore BSNL Contract
Filing Summary
Pace Digitek Ltd’s material subsidiary, Lineage Power Private Limited, has been awarded an Advance Purchase Order valued at Rs. 943 Crore, including GST, by Bharat Sanchar Nigam Limited (BSNL). The contract involves the supply of 25,000 Basic 100 AH/48V Li-ion Battery Modules with BMS and 2,500 IP55 racks. Additionally, a 5-year Annual Maintenance Contract (AMC) post-warranty is included. The order is scheduled for completion within five months. This development is in accordance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements.
Pace Digitek Ltd has announced that its material subsidiary, Lineage Power Private Limited, has received an Advance Purchase Order from Bharat Sanchar Nigam Limited (BSNL). The order is valued at Rs. 94,35,13,250, inclusive of GST, and is to be executed within five months from the date of receipt.
The contract specifies the supply of 25,000 quantities of Basic 100 AH/48V Li-ion Battery Modules with Battery Management System (BMS) and associated accessories. Additionally, 2,500 quantities of IP55 racks are to be provided to house eight 48V/100AH modules with necessary accessories. The agreement also includes a 5-year Annual Maintenance Contract (AMC) following a 5-year warranty period for the battery modules and accessories.
The order from BSNL is domestic in nature, and there is no involvement of related party transactions. The promoter or promoter group of Pace Digitek Ltd does not have any interest in BSNL. The contract does not fall under related party transactions and is conducted at arm’s length.
Bharat Sanchar Nigam Limited is a government-owned telecommunications service provider in India. It is responsible for providing a wide range of telecom services, including fixed-line, mobile, and broadband services across the country.
Pace Digitek Ltd focuses on providing technology solutions and services. The company is engaged in the development and supply of advanced power solutions, including battery modules and related accessories. Its strategic priorities include expanding its market presence and enhancing its product offerings in the power solutions sector.