Pace Digitek wins ₹7,099m NLC BESS order in FY27

Deal announcement and why it matters

Pace Digitek, a Bengaluru-based infrastructure and engineering company, said it has secured a battery energy storage system (BESS) EPC and long-term operations and maintenance (O&M) contract from NLC India Renewables Limited (NIRL). The order is for a 250 MW / 500 MWh BESS project in Tamil Nadu. The contract value is ₹7,099 million (including GST), as per the company’s disclosure. The company said the information was shared under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The exchange intimation date mentioned in the disclosure was May 18, 2026. The win adds to Pace Digitek’s recent momentum in grid-scale storage projects.

What the contract includes

The contract combines EPC execution and a long-duration O&M commitment. Pace Digitek said the EPC scope excludes the supply of power transformers. Beyond EPC, the package includes 12 years of comprehensive O&M services starting from the Commercial Operation Declaration (COD). The scope covers design and engineering as well as manufacturing-linked supply. It also includes installation, testing and commissioning of the BESS. In addition, the company will carry out associated civil, structural and infrastructure works required for deployment across multiple sites. The structure of the contract creates a near-term execution phase followed by a multi-year service phase.

Project locations across Tamil Nadu

The BESS project will be deployed across multiple locations in Tamil Nadu. Pace Digitek said the execution sites include Ottapidaram, Anuppankulam and Kayathar. The disclosure also refers to the work being carried out across multiple substation locations. With a multi-site deployment, the work package spans both equipment integration and site-specific construction and commissioning activities. The company described the deployment as covering associated civil and infrastructure works as part of the turnkey delivery. The project footprint in Tamil Nadu is a key operational detail because it affects site mobilisation, commissioning coordination, and O&M service planning across the 12-year period.

Timeline: EPC execution and long-term services

Pace Digitek said the EPC execution and commissioning timeline for the NIRL project is 12 months. After commissioning, the company will provide 12 years of comprehensive O&M services. Separately, a Hindi-language market report included in the provided material described the supply and EPC timeline as 18 months, followed by 12 years of operations and maintenance. The company’s disclosure included a 12-month timeline for EPC execution and commissioning. Both timelines were referenced in the supplied text, and readers should rely on the company’s formal exchange intimation for the disclosed schedule. The long O&M tenure is a central element of the contract structure.

Contract snapshot

Order flow context: second BESS win in FY2027

Pace Digitek said this order is its second BESS project win in FY2027. The company linked the FY2027 momentum to a strong FY2026, when its energy segment reported order inflows of ₹58,147 million. It said those inflows were driven by growth in BESS and renewable-linked projects. With the latest NIRL contract, Pace Digitek’s FY2027 year-to-date energy segment order wins reached ₹14,119 million. The company also disclosed that cumulative energy segment order wins have increased to ₹97,869 million. These metrics are important because they show the scale of the company’s recent win rate in energy projects.

Portfolio scale: cumulative BESS exceeds 5 GWh

Pace Digitek said the latest order expands its cumulative BESS project portfolio to over 5 GWh. The company described this portfolio as spanning utility-scale storage, renewable integration and grid support applications. The NIRL order itself is a 500 MWh project, aligning with the two-hour storage configuration commonly referenced for grid support use cases. The company’s emphasis on “over 5 GWh” indicates a growing installed and under-execution base across multiple projects. As more projects include long-term O&M, the operating footprint expands beyond commissioning into lifecycle support at multiple sites.

Related recent wins mentioned in the material

The supplied text also references other BESS orders associated with Pace Digitek. A prior update dated April 1 mentioned Pace Digitek securing a BESS EPC order from NTPC for a 200 MW / 400 MWh deployment at Nabinagar Super Thermal Power Station in Bihar, valued at ₹4,945.4 million (excluding GST), with around 15 months execution and 11 years annual maintenance. Another disclosure included in the material described a Damodar Valley Corporation (DVC) order for a 250 MW / 500 MWh project at Maithon, Jharkhand, with combined contracts valued at ₹7,019.54 million (including GST), including a supply contract of ₹5,737.28 million, EPC services of ₹574.26 million, and O&M of ₹708.00 million. The company positioned the NIRL order as the second BESS win in FY2027, following the DVC win.

Management and compliance disclosures

In management commentary included in the provided material, Chairman and Managing Director Venugopal Rao Maddisetty said the NIRL order strengthens Pace Digitek’s presence in utility-scale energy storage and expands its portfolio of large-format BESS deployments. He also highlighted that the project combines EPC execution with long-term O&M services, linking delivery with lifecycle support. On the compliance side, the exchange intimation was submitted by Meghana M P, Company Secretary and Compliance Officer, citing the SEBI circular dated July 13, 2023. The disclosure also stated there is no promoter or group interest in NIRL and that the order is not a related party transaction.

Market impact and why investors watch these orders

The company’s material also included historical stock return figures: -1.17% (1 day), -6.42% (5 days), +5.25% (1 month), -19.30% (6 months), and -18.80% (1 year). Orders like the NIRL contract matter to investors because they add to disclosed order wins in the energy segment and extend the service pipeline through multi-year O&M. The contract structure blends a near-term EPC milestone with a long-duration maintenance commitment, which can affect execution planning, staffing and service coverage across multiple sites. For the sector, the order adds to visible activity in utility-scale storage procurement by public-sector and renewable-focused entities.

Conclusion

Pace Digitek’s ₹7,099 million NIRL contract for a 250 MW / 500 MWh BESS project in Tamil Nadu adds another large utility-scale storage assignment to its FY2027 order wins. The package includes EPC execution and 12 years of comprehensive O&M, with project deployment planned across Ottapidaram, Anuppankulam and Kayathar. Pace Digitek has disclosed FY2027 year-to-date energy segment order wins of ₹14,119 million and cumulative energy segment order wins of ₹97,869 million, alongside a cumulative BESS portfolio of over 5 GWh. The next key milestone to track, based on the company’s disclosure, will be progress against the stated EPC execution and commissioning timeline, followed by transition into the long-term O&M phase.