Pace Digitek Wins ₹702 Crore Order for Battery Energy Storage Project in Jharkhand
Pace Digitek secures order worth Rs 702 cr from Damodar Valley Corporation
Business Standard
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Pace Digitek has secured contracts worth ₹702 crore (approximately $84.5 million USD) from Damodar Valley Corporation for a 250 MW / 500 MWh Battery Energy Storage System project in Maithon, Jharkhand, India. This includes supply, EPC services, and long-term operation and maintenance agreements, marking a significant milestone for the company.
- 01Pace Digitek has secured contracts worth ₹702 crore from Damodar Valley Corporation.
- 02The project involves a 250 MW / 500 MWh Battery Energy Storage System in Maithon, Jharkhand.
- 03Contracts include supply, EPC services, and 12 years of operation and maintenance.
- 04This is the first BESS order for FY2027, following strong order inflows in FY2026.
- 05The company reported energy order inflows of ₹5,814.7 crore in FY2026.
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Pace Digitek has announced a significant contract win with Damodar Valley Corporation (DVC) for a Battery Energy Storage System (BESS) project in Maithon, Jharkhand, valued at ₹702 crore (approximately $84.5 million USD). This contract encompasses the supply of equipment, engineering, procurement, and construction (EPC) services, as well as a long-term operation and maintenance (O&M) agreement for a duration of 12 years. The scope of work includes design, engineering, installation, testing, commissioning, and associated civil and structural infrastructure works. This marks Pace Digitek's first BESS order for the fiscal year 2027, following a successful fiscal year 2026 where the company achieved energy order inflows totaling ₹5,814.7 crore driven by a growing focus on BESS and renewable energy opportunities.
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The project will enhance energy storage capacity in Jharkhand, potentially improving energy reliability and supporting renewable energy integration.
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