Pace Digitek Shares Jump 13% on 488-Crore NTPC Battery Order
Lineage Power secured a 488-crore BESS supply contract from NTPC GE Power Services, driving a 13% intraday surge in Pace Digitek's stock.
Key points
- Lineage Power secured a 488.46 crore rupee order from NTPC GE Power Services for BESS supply and commissioning at Barh STPP.
- The contract includes five years of annual maintenance and a seven-year extended warranty for the deployed battery containers.
- Pace Digitek expanded its BESS manufacturing capacity to 5 GWh and plans to reach 10 GWh by Q3 FY27.
Pace Digitek shares climbed 13.24 percent on the National Stock Exchange on Tuesday, reaching a high of 175.37 rupees. The rally followed a Monday evening disclosure that the company's subsidiary, Lineage Power Private Limited, won a 488.46 crore rupee order from NTPC GE Power Services for battery energy storage systems.
The contract covers the supply, testing, and commissioning of BESS containers for the Barh Stage II Thermal Power Plant project. As reported by Business Standard, the deal also includes five years of annual maintenance and a seven-year extended warranty, extending the company's involvement beyond initial manufacturing into long-term lifecycle support.
Order Scope and Delivery Timeline
The 488.46 crore rupee value includes Goods and Services Tax. Lineage Power is responsible for providing Battery Management Systems and Energy Management Systems alongside the physical containers. The completion date for this specific order is set for December 31, 2026.
This engagement reinforces Pace Digitek's strategy to build an integrated energy platform. By bundling product supply with supervision and lifecycle services, the company aims to deepen its participation in the BESS value chain rather than acting solely as a component manufacturer.
Manufacturing Capacity Expansion Plans
Pace Digitek operationalized 2.5 GWh of BESS manufacturing capacity in 2025. The company has since expanded this figure to 5 GWh and plans to scale further to 10 GWh by the third quarter of fiscal year 2027. To date, the firm has delivered BESS containers representing over 1.5 GWh of capacity.
Stock Performance Since Listing
Pace Digitek listed on Indian exchanges in October 2025. The stock is currently down 29 percent from its initial public offering price of 219 rupees. Despite the recent intraday surge, the shares have lost 9 percent of their value so far this year, with an all-time high of 231.95 rupees.
The company views commercial and industrial applications as an emerging opportunity alongside its core utility-scale business. Management continues to evaluate opportunities across various power-intensive sectors to diversify its customer base beyond large-scale thermal plants.
