Lineage Power Pvt Ltd signs Third Strategic MoU at India Energy Storage Week 2026 to Strengthen BESS Product Supply Partnerships

Pace Digitek Limited (BSE: 544550, NSE: PACEDIGITK) announced that its subsidiary, Lineage Power Private Limited (LPPL), has signed a strategic Memorandum of Understanding (MoU) with Bondada Renewable Energy Private Limited (Bondada Renewable) during the 12th India Energy Storage Week (IESW) 2026 at IICC, Yashobhoomi, New Delhi.

The collaboration with Bondada Renewable follows the two strategic MoUs signed by LPPL on the opening day of IESW 2026 and further strengthens the Company's product-led growth strategy through partnerships across India's rapidly expanding Battery Energy Storage System (BESS) ecosystem.

Under the MoU, LPPL will serve as a preferred BESS supply partner, supporting future projects through the supply of integrated BESS solutions. The MoU provides a framework for future collaboration, with project-specific supply arrangements to be finalised through mutually agreed commercial terms.

LPPL's integrated manufacturing capabilities enable the Company to deliver comprehensive energy storage solutions across the value chain. The addition of Bondada Renewable as a strategic partner further enhances LPPL's market reach and reinforces Pace Digitek's strategy of expanding its product-led energy storage business through 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: "The addition of another strategic collaboration during India Energy Storage Week reflects the growing market acceptance of our integrated BESS solutions. As India's energy storage market continues to evolve, we remain focused on expanding our strategic partnerships, strengthening our product supply ecosystem and delivering reliable, high-quality energy storage solutions that support the country's clean energy transition."

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 MoU BondadaRenewableEnergy