Pace Digitek has won a significant contract to develop a Battery Energy Storage System (BESS) worth ₹179.4 crore for BSES Rajdhani Power Limited (BRPL) in Delhi. The project involves building a 57.5 MW / 115 MWh standalone BESS under a 12-year Build, Own, Operate and Transfer (BOOT) model, with execution scheduled within seven months.
- The project capital outlay is approximately ₹179.4 crore.
- The BESS will have a capacity of 57.5 MW and energy storage of 115 MWh.
- Pace Digitek will receive a fixed capacity tariff of ₹47.05 lakh per MW per year.
- Annual contracted capacity revenue is estimated at ₹27.1 crore.
- This is Pace Digitek's fifth major utility-scale BOO/BOOT storage project.
- The company’s total executable order book now exceeds ₹11,500 crore.
What is the scope of the BESS project awarded to Pace Digitek?
The project involves developing a standalone Battery Energy Storage System with a capacity of 57.5 MW and energy storage of 115 MWh. It will be executed under a 12-year BOOT model, meaning Pace Digitek will build, own, operate, and eventually transfer the asset. The project capital outlay is around ₹179.4 crore, and it is expected to be completed within seven months.
How will Pace Digitek benefit financially from this contract?
Under the Battery Energy Storage Service Agreement (BESSA), Pace Digitek will receive a fixed capacity tariff of ₹47.05 lakh per MW per year. This translates to an annual contracted capacity revenue of approximately ₹27.1 crore, providing steady income over the 12-year contract period.
What is the significance of this project for Pace Digitek?
This contract marks Pace Digitek's fifth major utility-scale BOO/BOOT storage project, enhancing its portfolio of long-term contracted energy infrastructure assets. With this addition, the company’s utility-scale BOO/BOOT portfolio has increased to 3.32 GWh. The order also contributes to the company’s growing executable order book, which now exceeds ₹11,500 crore.
What recent achievements has Pace Digitek made in the BESS sector?
In September 2026, Pace Digitek secured a ₹488.6 crore order from NTPC GE Power Services Private Limited for the supply of standalone BESS along with annual maintenance and warranty services. This recent win, along with the BRPL project, demonstrates the company’s expanding presence across the BESS value chain, including manufacturing, project execution, and long-term asset operations.
What did the company’s leadership say about the new order?
Venugopalrao Maddisetty, Chairman & Managing Director of Pace Digitek Limited, described the BESS award as an important milestone in the company’s energy business. He emphasized that it reinforces the company’s capabilities in BESS manufacturing, project execution, and long-term asset operations. Maddisetty also highlighted the company’s focus on disciplined execution, scaling manufacturing, and selectively building a portfolio of contracted energy infrastructure assets to support India’s power and renewable energy ecosystem.
How has Pace Digitek’s stock performed recently?
As of October 9, 2026, Pace Digitek’s stock was trading 1.87% higher at ₹164.88 per equity share. The stock has gained 3% over the past month but declined 12% year-to-date. The 52-week high was ₹231.95 on October 10, 2025, while the 52-week low was ₹139.81 on March 30, 2026. The company’s total market capitalization stood at ₹3,561.76 crore according to NSE data.
