Pace Digitek shares rose more than 13% after the opening bell on Tuesday, September 22, following the announcement that the company had secured a Battery Energy Storage System (BESS) order worth over ₹488 crore from NTPC GE Power Services Private Limited (NGSL). The order, disclosed in a regulatory filing dated September 21, involves the supply, delivery, testing, and supervision of erection, testing, and commissioning of 5.015 megawatt‑hour (MWh) BESS containers, along with a battery management system (BMS) and an energy management system (EMS).

The contract, as per the request for quotation (RFQ) documents issued by NGSL, includes a comprehensive maintenance contract (CMC) that will last 12 years following the completion of the installation. Pace Digitek expects the project to be finished by December 31, 2026, after which the maintenance period will commence. The long‑term service agreement is part of the order details provided in the filing.

In the April–June quarter of the 2026–27 financial year (Q1 FY27), Pace Digitek reported a 13.24% year‑on‑year increase in consolidated net profit, rising to ₹61.32 crore from ₹54.15 crore in the corresponding quarter of the preceding fiscal year. Consolidated revenue from operations jumped 51.29% year‑on‑year to ₹555.36 crore, compared with ₹367.08 crore in Q1 FY26, as stated in the company’s regulatory filing.

The stock closed 0.84% lower at ₹154.86 per equity share on the National Stock Exchange on Monday, September 21, after the announcement was made post‑market. Over the past week, the scrip has risen 11.93%, but it has fallen 4.85% over the month and declined more than 8% on a year‑to‑date basis. The shares reached a 52‑week high of ₹231.95 on October 10, 2025, and touched a year‑low of ₹139.81 on March 30, 2026.

As of September 22, 2026, Pace Digitek’s total market capitalisation was ₹3,728 crore, according to NSE data. Earlier this year, Lineage Power Private Ltd’s subsidiary received a letter of award from Kalpa Power Private Limited for the supply and commissioning support of a BESS, valued at ₹92.9 crore and scheduled for completion by December 31, 2021, as disclosed in a regulatory filing dated August 24.