Shares of Pace Digitek witnessed a sharp ascent of over 13% during Tuesday's session, reaching a price of Rs 175.37. Investor enthusiasm was ignited by the announcement of a substantial business win secured by the company’s subsidiary, Lineage Power.
Lineage Power has been awarded a prestigious contract valued at Rs 488.46 crore from NTPC GE Power Services. This project focuses on the installation and management of battery energy storage systems (BESS) at the Barh Super Thermal Power facility.
Contract Scope and Timeline
- Supply and integration of BESS containers
- Comprehensive maintenance services
- Extended warranty coverage through December 2026
This contract marks a pivotal milestone for the firm as it deepens its footprint in the green energy infrastructure sector. Market analysts view the deal as a strong indicator of the company's growing operational capacity and project pipeline.
