Pace Digitek Group Crosses 300 Utility-Scale BESS Container Manufacturing Milestone

Pace Digitek Limited (NSE: PACEDIGITK | BSE: 544550), announced that its subsidiary, Lineage Power Private Limited (LPPL) has crossed the milestone of manufacturing 300 utility-scale Battery Energy Storage System (BESS) containers, representing around 1.5 GWh of battery energy storage capacity.

The milestone comes as Pace Digitek continues to expand its manufacturing footprint to support the growing demand for battery energy storage solutions. The Company is augmenting its existing 2.5 GWh BESS manufacturing capacity with an additional 2.5 GWh expansion, while also establishing another 5 GWh BESS manufacturing facility and an in-house container fabrication facility. These initiatives are expected to strengthen manufacturing scale, enhance backward integration, improve cost efficiencies and reinforce execution capabilities across the BESS value chain.

The Company has developed an integrated BESS platform spanning manufacturing, engineering, system integration, EPC and long-term Operations & Maintenance (O&M). These capabilities enable Pace Digitek to deliver end-to-end battery energy storage solutions throughout the project lifecycle - from manufacturing and system integration to project execution and lifecycle services.

Battery energy storage is expected to play an increasingly important role in renewable energy integration and grid reliability. With its integrated capabilities and ongoing manufacturing expansion, Pace Digitek is focused on supporting the evolving requirements of utilities, renewable energy developers and commercial & industrial customers.

Commenting on the development, Mr. Venugopal Rao Maddisetty, Chairman & Managing Director, Pace Digitek Limited, said: "Crossing the milestone of 300 utility-scale BESS containers is an important achievement in our journey of building an integrated battery energy storage business. It reflects the capabilities we have built across manufacturing, engineering and project execution, enabling us to deliver end-to-end BESS solutions at scale. As demand for battery energy storage continues to grow, we remain focused on expanding our manufacturing capabilities, strengthening technology and enhancing execution to support our customers across utility-scale and commercial applications."

Shares of Pace Digitek Limited was last trading in BSE at Rs. 203.45 as compared to the previous close of Rs. 197.65. The total number of shares traded during the day was 101225 in over 1229 trades.

The stock hit an intraday high of Rs. 204.30 and intraday low of 194.90. The net turnover during the day was Rs. 20306921.00.

Source : Equity Bulls

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