Pace Digitek shares rose 1.17% to ₹204.35 following the announcement of a strategic partnership in AI data centre infrastructure. According to The Hindu BusinessLine, the stock was trading at ₹204.35 on the NSE, up from its previous close of ₹201.98 at mid-morning, with a market capitalisation of approximately ₹4,411 crore. The trading volume stood at around 5.05 lakh shares, valued at ₹10.31 crore, reflecting strong investor interest in the company's expansion into high-growth AI power solutions.
The company's subsidiary Lineage Power Private Limited (LPPL) has entered into a strategic cooperation agreement with MEGMEET Electrical India Private Limited to supply AI data centre power systems in India, as announced today. Under the agreement, MEGMEET will act as a strategic supplier of AI data centre power systems and related products to LPPL, with product supplies to be executed through mutually agreed purchase orders. The collaboration also covers technical support, product upgrades, training and lifecycle after-sales services to enhance the partnership's comprehensive scope. The cooperation builds on the companies' existing telecom power relationship while extending collaboration into AI data centre power infrastructure, with the deal extending a business relationship of over five years between the two companies in telecom power solutions.
According to The Hindu BusinessLine, the partnership complements LPPL's battery energy storage system (BESS) manufacturing and system integration capabilities by adding AI data centre power systems to its portfolio. The expanded offering is aimed at addressing the growing demand for reliable and energy-efficient power infrastructure driven by AI computing, hyperscale data centres and digital infrastructure. The collaboration aligns with the company's strategy of strengthening its technology and product portfolio through strategic partnerships while leveraging its manufacturing, engineering and project execution capabilities. LPPL is described as a material subsidiary of Pace Digitek Limited, which operates across energy and telecom segments through manufacturing, EPC, and operations and maintenance services.
As reported by The Hindu BusinessLine, MEGMEET Electrical India Private Limited supplies power electronics and automation solutions across AI, industrial, and e-mobility markets. The company has R&D, manufacturing and operational facilities across multiple countries and serves various industrial applications. Pace Digitek is an integrated infrastructure and energy solutions company operating across energy and telecom & ICT segments, with capabilities spanning manufacturing, EPC and operations & maintenance through its subsidiary Lineage Power. Through its subsidiary Lineage Power, it manufactures battery energy storage systems, telecom power systems and other energy infrastructure products while also executing telecom infrastructure projects across India.
On a consolidated basis, Pace Digitek's net profit rose 73.27% to ₹99.16 crore while net sales rose 60.52% to ₹1,096.78 crore in Q4 March 2026 over Q4 March 2025, according to Business Standard. The strong financial performance demonstrates the company's robust operational capabilities and market positioning in the infrastructure and energy solutions sector.
