Pace Digitek Limited has secured a domestic purchase order worth ₹997.10 million (including taxes) from Advait Greennergy Private Limited for supply of LFP Battery Energy Storage System (BESS) and related equipment. Deliveries will run till April 2026, marking a key win in India’s fast-growing energy storage market.
Main Deal Snapshot
Pace Digitek has informed exchanges that Advait Greennergy Private Limited has placed a purchase order for Lithium Iron Phosphate (LFP) Battery Energy Storage Systems and associated equipment, under Purchase Order No. NBEEPO2635002. The order is classified as a domestic contract and does not fall under related-party transactions, with no promoter or group-company interest indicated.
The company is obligated to deliver all goods on a DAP basis within a tightly defined schedule. Initial deliveries will begin within 102 days of the effective date, with all subsequent deliveries completed within 31 days of the first shipment, aggregating to 133 days, followed by project-specific schedules through April 2026.
Key Highlights
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Customer: Advait Greenergy Private Limited.
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Scope: Supply of LFP Battery Energy Storage System (BESS) and other related equipment as per PO NBEEPO2635002.
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Order Type: Domestic; bagging/receiving of order disclosed under SEBI LODR Reg. 30.
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Contract Value: ₹997.10 million (₹99.71 crore) including taxes.
Execution Timeline:
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Initial delivery within 102 days from effective date.
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All deliveries within 133 days from effective date as per schedule.
Specific milestones:
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First 50% of BESS DC block supplies to be completed by 15 March 2026.
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Balance system to be supplied by 15 April 2026.
Related-Party Status: Not a related-party transaction; confirmed as arm’s length.
Sources: Pace Digitek Limited exchange disclosure / Annexure-A filed with BSE (bagging of order from Advait Greennergy Private Limited).