According to reports from Business Standard, Pace Digitek's subsidiary Lineage Power (LPPL) has signed three strategic Memorandum of Understanding (MoU) with Onward Solar Power, Kalpa Power, and Bondada Renewable Energy during the 12th India Energy Storage Week (IESW) 2026 at IICC, Yashobhoomi, New Delhi. The agreements were signed at Hall 1, Stall 4, where both companies are showcasing their integrated Battery Energy Storage System (BESS) portfolio and advanced energy storage solutions. As per latest regulatory filings under Regulation 30 (LODR), the MoUs were officially signed on July 9, 2026. The latest MoU with Bondada Renewable Energy was executed with a domestic entity and the consideration will be as per the commercial terms of the agreement, with no shares issued as part of the transaction.
As reported by CNBC TV18, the MoUs establish a comprehensive framework for collaboration under which LPPL will serve as a preferred BESS supply partner, supporting future projects with integrated BESS solutions including DC Blocks, C&I BESS cabinets, Residential BESS, Power Conversion Systems (PCS), Energy Management Systems (EMS), and battery containers. The agreement with Bondada Renewable Energy specifically covers these various BESS solutions, with the company confirming that it does not hold any shareholding in Bondada Renewable Energy and the transaction does not fall under related party transactions. Project-specific commercial terms and supply arrangements will be governed by definitive agreements and purchase orders to be executed between the respective parties.
According to the latest regulatory disclosures, Lineage Power has achieved a significant manufacturing milestone by completing one year of BESS manufacturing operations and successfully produced 260+ containers with a manufacturing capacity of 1.25 GWh. The company has announced plans to double its battery energy storage manufacturing capacity from 5 GWh to 10 GWh within the next three months, with construction for the new production line already completed and equipment ordered to arrive by August. As per CNBC TV18, the company expects to complete commissioning by September-end or mid-October at the latest, positioning for substantial capacity expansion to meet growing market demand.
In the latest quarterly results, Pace Digitek reported exceptional financial performance with a sharp surge in consolidated net profit of 88% year-on-year to ₹105.92 crore, accompanied by a 60.52% jump in revenue from operations to ₹1,096.78 crore in Q4 FY26 over Q4 FY25. The company, which is engaged in telecom infrastructure services, EPC activities including optic fiber deployment, and power management solutions, along with the design, supply, and maintenance of related energy and telecom equipment, demonstrated strong operational momentum. This robust financial performance positions the company well for its strategic expansion into the energy storage market through its subsidiary Lineage Power.
As reported by Moneycontrol, PACE Digitek shares are likely to extend its winning run on third consecutive day on July 13 following the latest BESS supply agreement with Bondada Renewable Energy. In the previous trading session, the share closed at ₹216.15, up ₹3.85, or 1.81%, with the stock touching a 52-week high of ₹232.20 and a 52-week low of ₹139.50 on October 10, 2025 and March 30, 2026, respectively. The company's market capitalisation stands at ₹4,665.63 crore, with the stock currently trading 6.91% below its 52-week high and 54.95% above its 52-week low. The latest partnerships further strengthen Pace Digitek Limited's strategy of expanding its product-led energy storage business through strategic collaborations with EPC companies, renewable energy developers and system integrators, positioning the company to capitalize on India's accelerated energy storage market growth.
