Lineage Power, Subsidiary of Pace Digitek, Signs 3 GWh Battery Cell Supply agreement with Rongjie Energy Tech

Lineage Power Pvt. Ltd. ("Lineage Power"), the material subsidiary of Pace Digitek Limited (BSE: 544550 | NSE: PACEDIGITK), has entered into a Master Supply Agreement (MSA) with Guangzhou Rongjie Energy Technology Co., Ltd. (RJE Tech), a leading Chinese manufacturer of lithium-ion battery cells.

Under the agreement, Rongjie Energy Tech will supply 3 GWh of Lithium Iron Phosphate (LFP) battery cells and related accessories to Lineage Power. The agreement represents a significant step in strengthening the Company's battery cell sourcing framework and supports its expanding Battery Energy Storage System (BESS) manufacturing platform and execution capabilities across utility-scale and commercial & industrial (C&I) applications.

Strategic Highlights

- Supply Security: Secures 3 GWh of next-generation LFP cells to ensure long-term supply chain stability

- Advanced Technology: Features Rongjie Energy Tech's new 314Ah storage-specific prismatic cells, built for longer cycle life and higher safety.

- Operational Framework: Establishes clear, long-term terms for pricing, quality standards, warranties, and delivery timelines

- Strategic Logistics: Leverages Rongjie Energy Tech's manufacturing base in the Guangdong-Hong Kong-Macao Greater Bay Area for efficient shipping to India and international destinations

- Technology & Quality Collaboration: Establishes a framework for technical collaboration, product validation, quality assurance and continuous product improvement

Commenting on the development, Mr. Venugopal Rao Maddisetty, Chairman & Managing Director, Pace Digitek Limited, said: "Securing a reliable long-term supply of high-quality battery cells is fundamental to building a scalable and resilient Battery BESS platform. This agreement with Rongjie Energy Tech strengthens our manufacturing ecosystem, enhances supply chain visibility and reinforces our ability to execute utilityscale and C&I BESS projects with greater confidence.

Following a comprehensive technical and commercial evaluation, we found Rongjie Energy Tech's manufacturing capabilities, product quality and technology roadmap to be well aligned with our longterm growth strategy."

Shares of Pace Digitek Limited was last trading in BSE at Rs. 201.00 as compared to the previous close of Rs. 199.50. The total number of shares traded during the day was 227292 in over 1876 trades.

The stock hit an intraday high of Rs. 203.90 and intraday low of 194.45. The net turnover during the day was Rs. 45395115.00.

Source : Equity Bulls

Keywords

PaceDigitek INE0S3G01027 TelecomInfrastructure LineagePower MSA RJETech