Pace Digitek Ltd's subsidiary Signs Two Strategic MoUs on Day One of India Energy Storage Week 2026 to Expand BESS Product Supply Partnerships

Pace Digitek Limited (BSE: 544550, NSE: PACEDIGITK) announced that its subsidiary, Lineage Power Private Limited (LPPL), has signed two strategic Memorandum Of Understanding (MoU) with Onward Solar Power Private Limited and Kalpa Power Private Limited during the 12th India Energy Storage Week (IESW) 2026 at IICC, Yashobhoomi, New Delhi, where Pace Digitek Limited and LPPL are showcasing their integrated Battery Energy Storage System (BESS) portfolio and advanced energy storage solutions at Hall 1, Stall 4.

The MoUs establish a framework for collaboration under which LPPL will serve as a preferred BESS supply partner, supporting future projects with integrated BESS solutions, including DC Blocks, Power Conversion Systems (PCS), Energy Management Systems (EMS), engineering support, warranty and lifecycle services. Project-specific commercial terms and supply arrangements will be governed by definitive agreements and purchase orders to be executed between the respective parties.

The collaborations are aimed at strengthening the supply of domestically manufactured BESS solutions for utility-scale, commercial & industrial (C&I) and other energy storage applications.

LPPL's integrated manufacturing capabilities enable the Company to offer comprehensive energy storage solutions across the value chain. These partnerships further strengthen Pace Digitek Limited's strategy of expanding its product-led energy storage business through strategic collaborations with EPC companies, renewable energy developers and system integrators.

Commenting on the development, Mr. Venugopal Rao Maddisetty, Chairman & Managing Director, Pace Digitek Limited, said: "India's energy storage market is entering a phase of accelerated growth, creating significant opportunities for technology-led and domestically manufactured solutions. These strategic collaborations reinforce our commitment to expanding our product supply network and strengthening partnerships across the energy storage ecosystem. By combining our integrated manufacturing capabilities with the market reach and execution strengths of our partners, we aim to support the growing deployment of reliable, high-quality BESS across India."

Shares of Pace Digitek Limited was last trading in BSE at Rs. 216.15 as compared to the previous close of Rs. 212.30. The total number of shares traded during the day was 157201 in over 5281 trades.

The stock hit an intraday high of Rs. 219.50 and intraday low of 214.50. The net turnover during the day was Rs. 34105252.00.

Source : Equity Bulls

Keywords

PaceDigitek INE0S3G01027 TelecomInfrastructure LineagePower MoUs